Robeco Institutional Asset Management B.V. Increases Stock Position in Kimberly-Clark Corporation $KMB

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,959 shares of the company’s stock after purchasing an additional 60,805 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.11% of Kimberly-Clark worth $46,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after buying an additional 5,200,011 shares in the last quarter. Norges Bank acquired a new stake in shares of Kimberly-Clark during the second quarter valued at $556,114,000. Federated Hermes Inc. boosted its stake in shares of Kimberly-Clark by 350.2% during the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after acquiring an additional 1,231,501 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after purchasing an additional 975,424 shares in the last quarter. Finally, Sarasin & Partners LLP raised its stake in Kimberly-Clark by 88.9% in the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock valued at $251,274,000 after purchasing an additional 963,978 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $97.56 on Thursday. The company has a market cap of $32.38 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.74 and a beta of 0.26. The firm’s 50 day moving average is $103.55 and its two-hundred day moving average is $118.96. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. Analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Wall Street Analyst Weigh In

KMB has been the topic of several analyst reports. BNP Paribas Exane decreased their price target on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Royal Bank Of Canada restated an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. TD Cowen lowered their target price on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $124.23.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.