Patton Albertson Miller Group LLC Buys 2,003 Shares of Kimberly-Clark Co. (NYSE:KMB)

Patton Albertson Miller Group LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 41.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,815 shares of the company’s stock after buying an additional 2,003 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Kimberly-Clark were worth $970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mirabella Financial Services LLP bought a new stake in Kimberly-Clark in the 3rd quarter valued at about $7,676,000. Truvestments Capital LLC increased its position in shares of Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares during the period. Bank of Hawaii raised its stake in Kimberly-Clark by 1.5% in the third quarter. Bank of Hawaii now owns 7,770 shares of the company’s stock valued at $1,106,000 after purchasing an additional 113 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Kimberly-Clark by 23.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 57,505 shares of the company’s stock valued at $8,182,000 after buying an additional 10,890 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Kimberly-Clark by 9.5% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,492 shares of the company’s stock worth $932,000 after acquiring an additional 563 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $149.93.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $139.14 on Tuesday. The company has a fifty day moving average price of $138.61 and a 200-day moving average price of $139.19. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.90 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. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Kimberly-Clark Company 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.