Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 21.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,667 shares of the company’s stock after acquiring an additional 2,617 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Kimberly-Clark were worth $2,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vest Financial LLC boosted its position in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after buying an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $14,751,000. Swedbank AB increased its position in Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares during the period. PGGM Investments boosted its stake in Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after buying an additional 11,882 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its position in shares of Kimberly-Clark by 107.8% during the first quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after acquiring an additional 6,293 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 1.4 %

KMB stock opened at $136.01 on Tuesday. The company has a market capitalization of $45.36 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company’s 50-day simple moving average is $139.27 and its 200 day simple moving average is $139.15.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results 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. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. UBS Group reduced their price objective on 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, Barclays raised their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two research 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. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $149.93.

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.