Tokio Marine Asset Management Co. Ltd. Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 9,691 shares of the company’s stock after acquiring an additional 422 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter worth about $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at about $28,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the 1st quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Finally, Kennebec Savings Bank purchased a new position in Kimberly-Clark during the 3rd quarter worth $36,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $134.08 on Friday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a market capitalization of $44.71 billion, a P/E ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The business’s fifty day moving average price is $139.75 and its 200 day moving average price is $139.13.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 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 analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.64%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMB. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group dropped their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target 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.