CreativeOne Wealth LLC Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

CreativeOne Wealth LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 42.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,128 shares of the company’s stock after buying an additional 4,243 shares during the quarter. CreativeOne Wealth LLC’s holdings in Kimberly-Clark were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after purchasing an additional 330,327 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Kimberly-Clark by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,207,253 shares of the company’s stock worth $166,971,000 after purchasing an additional 23,788 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Barclays upped their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. UBS Group dropped their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective 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 analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Down 0.4 %

Shares of NYSE:KMB opened at $139.20 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock’s fifty day simple moving average is $138.52 and its 200-day simple moving average is $139.21. The company has a market capitalization of $46.42 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

About Kimberly-Clark

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.