Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 99.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,474 shares of the company’s stock after buying an additional 33,102 shares during the quarter. Sanctuary Advisors LLC’s holdings in Kimberly-Clark were worth $9,201,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tudor Financial Inc. acquired a new stake in shares of Kimberly-Clark in the third quarter worth about $280,000. Chelsea Counsel Co. raised its stake in shares of Kimberly-Clark by 2.4% in the 3rd quarter. Chelsea Counsel Co. now owns 12,870 shares of the company’s stock valued at $1,847,000 after acquiring an additional 300 shares in the last quarter. Passumpsic Savings Bank acquired a new stake in Kimberly-Clark in the 3rd quarter worth approximately $212,000. M&T Bank Corp boosted its position in Kimberly-Clark by 0.6% during the third quarter. M&T Bank Corp now owns 153,971 shares of the company’s stock worth $21,907,000 after purchasing an additional 868 shares during the period. Finally, Unigestion Holding SA grew its holdings in Kimberly-Clark by 88.6% during the third quarter. Unigestion Holding SA now owns 84,648 shares of the company’s stock valued at $12,044,000 after purchasing an additional 39,764 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $131.34 on Friday. The firm has a market capitalization of $43.80 billion, a PE ratio of 17.04, a PEG ratio of 2.74 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The business’s 50 day moving average is $137.08 and its 200-day moving average is $139.37.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insiders Place Their Bets

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

Analyst Ratings Changes

KMB has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. 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 report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock 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 stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark 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.