UniSuper Management Pty Ltd Has $21.56 Million Holdings in Kimberly-Clark Corporation $KMB

UniSuper Management Pty Ltd lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 23.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 173,352 shares of the company’s stock after selling 54,186 shares during the period. UniSuper Management Pty Ltd’s holdings in Kimberly-Clark were worth $21,555,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KMB. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.0%

Shares of KMB stock opened at $102.23 on Friday. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $150.45. The company has a market cap of $33.93 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The business’s 50 day moving average is $102.19 and its two-hundred day moving average is $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 net margin of 10.89% and a return on equity of 183.11%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm earned $1.83 EPS. Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KMB. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 16th. Citigroup decreased their target price 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. Finally, TD Cowen cut their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.33.

Kimberly-Clark Company Profile

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.