Kimberly-Clark Corporation $KMB Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 39.8% during the third quarter, Holdings Channel reports. The firm owned 180,960 shares of the company’s stock after purchasing an additional 51,492 shares during the period. Mediolanum International Funds Ltd’s holdings in Kimberly-Clark were worth $22,197,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KMB. Empirical Finance LLC boosted its stake in Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after acquiring an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. boosted its position in shares of Kimberly-Clark by 1.9% in the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares during the period. TFB Advisors LLC grew its stake in Kimberly-Clark by 4.2% during the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after buying an additional 82 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $99.99 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 3.97. The stock’s 50 day moving average is $101.82 and its two-hundred day moving average is $115.37. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The firm has a market capitalization of $33.19 billion, a PE ratio of 16.47, a P/E/G ratio of 3.95 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm earned $1.50 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 83.03%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. TD Cowen reduced their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Finally, Morgan Stanley lowered their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $118.58.

Kimberly-Clark Profile

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.