Korea Investment CORP Has $38.32 Million Stock Position in Kimberly-Clark Corporation $KMB

Korea Investment CORP boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 308,179 shares of the company’s stock after buying an additional 41,233 shares during the quarter. Korea Investment CORP’s holdings in Kimberly-Clark were worth $38,319,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Winnow Wealth LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at $27,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at $27,000. True Wealth Design LLC increased its holdings in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its position in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. UBS Group raised their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, TD Cowen dropped their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $119.00.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $102.85 on Tuesday. The firm has a market capitalization of $34.14 billion, a PE ratio of 16.94, a PEG ratio of 3.76 and a beta of 0.24. The company’s 50-day moving average is $103.45 and its 200-day moving average is $110.86. 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 debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Kimberly-Clark Company 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.