Natixis Advisors LLC Purchases 99,011 Shares of Kimberly-Clark Co. (NYSE:KMB)

Natixis Advisors LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 84.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,748 shares of the company’s stock after buying an additional 99,011 shares during the period. Natixis Advisors LLC’s holdings in Kimberly-Clark were worth $30,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Rockport Wealth LLC purchased a new position in Kimberly-Clark in the first quarter worth $415,000. O Shaughnessy Asset Management LLC lifted its position in shares of Kimberly-Clark by 3.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,494 shares of the company’s stock valued at $8,989,000 after buying an additional 2,465 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $424,000. Bessemer Group Inc. raised its stake in shares of Kimberly-Clark by 234.9% during the 1st quarter. Bessemer Group Inc. now owns 34,084 shares of the company’s stock valued at $4,410,000 after purchasing an additional 23,906 shares during the period. Finally, Lake Street Advisors Group LLC raised its stake in shares of Kimberly-Clark by 9.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,898 shares of the company’s stock valued at $248,000 after purchasing an additional 165 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

KMB stock opened at $134.08 on Monday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The stock has a market cap of $44.71 billion, a PE ratio of 17.39, a P/E/G ratio of 2.81 and a beta of 0.40. The firm has a 50 day simple moving average of $139.49 and a two-hundred day simple moving average of $139.15.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal 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 $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.64%. Kimberly-Clark’s payout ratio is 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.