Kimberly-Clark Corporation $KMB Stock Holdings Increased by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 220.0% in the third quarter, HoldingsChannel reports. The fund owned 22,163 shares of the company’s stock after buying an additional 15,237 shares during the period. iA Global Asset Management Inc.’s holdings in Kimberly-Clark were worth $2,756,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KMB. Rakuten Investment Management Inc. acquired a new stake in Kimberly-Clark in the third quarter worth about $1,588,000. Cornerstone Wealth Group LLC raised its position in shares of Kimberly-Clark by 5.2% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,944 shares of the company’s stock worth $490,000 after buying an additional 196 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Kimberly-Clark by 16.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 267,184 shares of the company’s stock worth $33,222,000 after acquiring an additional 37,711 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Kimberly-Clark by 28.6% in the third quarter. Chicago Partners Investment Group LLC now owns 9,875 shares of the company’s stock valued at $1,192,000 after acquiring an additional 2,197 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Kimberly-Clark by 6.8% in the third quarter. Vest Financial LLC now owns 429,215 shares of the company’s stock valued at $53,369,000 after acquiring an additional 27,175 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 0.0%

NASDAQ:KMB opened at $102.23 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The stock has a fifty day simple moving average of $102.19 and a 200 day simple moving average of $116.40.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. BNP Paribas Exane restated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. UBS Group lowered their target price on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Finally, Citigroup reduced their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $118.33.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.