International Assets Investment Management LLC Acquires 308,959 Shares of Kimberly-Clark Co. (NYSE:KMB)

International Assets Investment Management LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 13,351.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 311,273 shares of the company’s stock after acquiring an additional 308,959 shares during the quarter. International Assets Investment Management LLC’s holdings in Kimberly-Clark were worth $44,288,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. CX Institutional boosted its position in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares during the period. Wesbanco Bank Inc. raised its holdings in Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares during the period. Capital Investment Counsel Inc lifted its position in Kimberly-Clark by 0.8% during the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after acquiring an additional 75 shares during the last quarter. My Legacy Advisors LLC boosted its holdings in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares during the period. Finally, Connecticut Wealth Management LLC increased its stake in shares of Kimberly-Clark by 4.6% in the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after purchasing an additional 77 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.1 %

Shares of NYSE KMB opened at $135.52 on Monday. Kimberly-Clark Co. has a 12-month low of $116.63 and a 12-month high of $149.30. The firm’s 50-day simple moving average is $142.94 and its 200 day simple moving average is $138.79. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.60%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Piper Sandler upped their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Profile

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.