Brown Brothers Harriman & Co. Has $5.08 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Brown Brothers Harriman & Co. reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,719 shares of the company’s stock after selling 580 shares during the period. Brown Brothers Harriman & Co.’s holdings in Kimberly-Clark were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at about $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $139.14 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The business’s fifty day moving average is $138.61 and its 200-day moving average is $139.19. The company has a market cap of $46.40 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.90 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on KMB shares. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, UBS Group lowered their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.