Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 68.4% during the 3rd quarter, Holdings Channel reports. The fund owned 43,713 shares of the company’s stock after purchasing an additional 17,749 shares during the period. Mizuho Securities USA LLC’s holdings in Kimberly-Clark were worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the 2nd quarter valued at $26,000. New Millennium Group LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth about $28,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its stake in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KMB. TD Cowen began coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company decreased their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.8 %

KMB stock opened at $134.08 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 2.81 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business has a fifty day moving average price of $139.49 and a 200 day moving average price of $139.13.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark’s payout ratio is presently 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.