Mitsubishi UFJ Trust & Banking Corp Raises Holdings in Kimberly-Clark Corporation $KMB

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 57.5% in the third quarter, Holdings Channel reports. The institutional investor owned 357,797 shares of the company’s stock after acquiring an additional 130,558 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kimberly-Clark were worth $44,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares during the last quarter. Fifth Third Bancorp lifted its position in Kimberly-Clark by 9.7% during the second quarter. Fifth Third Bancorp now owns 31,345 shares of the company’s stock valued at $4,041,000 after acquiring an additional 2,766 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in Kimberly-Clark in the second quarter worth $242,000. McAdam LLC increased its position in shares of Kimberly-Clark by 42.2% during the second quarter. McAdam LLC now owns 2,173 shares of the company’s stock worth $280,000 after purchasing an additional 645 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 15.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 6,210 shares of the company’s stock valued at $801,000 after purchasing an additional 840 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.0%

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

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $1.83 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid 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 payout ratio is currently 85.28%.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Evercore ISI restated an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th. Finally, Citigroup decreased their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. 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. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $118.33.

Kimberly-Clark 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.