Kimberly-Clark Co. (NYSE:KMB) Stake Increased by National Asset Management Inc.

National Asset Management Inc. increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,058 shares of the company’s stock after buying an additional 556 shares during the period. National Asset Management Inc.’s holdings in Kimberly-Clark were worth $1,881,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KMB. BlackRock Inc. increased its stake in shares of Kimberly-Clark by 3.8% in the first quarter. BlackRock Inc. now owns 27,646,879 shares of the company’s stock worth $3,844,301,000 after buying an additional 1,002,406 shares during the last quarter. Nuance Investments LLC increased its stake in shares of Kimberly-Clark by 96.8% in the second quarter. Nuance Investments LLC now owns 1,693,766 shares of the company’s stock worth $226,592,000 after buying an additional 833,202 shares during the last quarter. Cullen Capital Management LLC increased its stake in shares of Kimberly-Clark by 249.7% in the first quarter. Cullen Capital Management LLC now owns 961,908 shares of the company’s stock worth $133,753,000 after buying an additional 686,854 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Kimberly-Clark by 57.4% in the first quarter. Nordea Investment Management AB now owns 1,736,478 shares of the company’s stock worth $240,797,000 after purchasing an additional 633,402 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Kimberly-Clark by 33.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock worth $345,051,000 after purchasing an additional 621,421 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.

Shares of NYSE KMB opened at $135.18 on Friday. Kimberly-Clark Co. has a fifty-two week low of $128.02 and a fifty-two week high of $155.45. The firm’s 50-day simple moving average is $136.67 and its 200 day simple moving average is $134.67. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 10.01. The stock has a market cap of $45.52 billion, a P/E ratio of 23.03, a P/E/G ratio of 4.07 and a beta of 0.54.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Thursday, July 22nd. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Kimberly-Clark’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, September 9th. Kimberly-Clark’s dividend payout ratio is currently 58.91%.

A number of equities analysts have commented on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a report on Friday, July 9th. HSBC started coverage on shares of Kimberly-Clark in a report on Thursday, September 9th. They issued a “hold” rating and a $131.00 price objective for the company. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price objective for the company in a report on Monday, June 28th. Jefferies Financial Group lifted their price objective on shares of Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 19th. Finally, Royal Bank of Canada reduced their price target on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating for the company in a report on Monday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $141.67.

In other Kimberly-Clark news, insider Kimberly K. Underhill sold 19,018 shares of the business’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $135.84, for a total value of $2,583,405.12. Following the sale, the insider now directly owns 62,042 shares in the company, valued at $8,427,785.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Aaron Powell sold 29,534 shares of the business’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $139.51, for a total transaction of $4,120,288.34. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

Read More: What are the advantages to having securities held in street name?

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.