Robeco Institutional Asset Management B.V. Has $33.83 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 29.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,437 shares of the company’s stock after selling 113,477 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kimberly-Clark were worth $33,833,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after acquiring an additional 177,712 shares in the last quarter. American Century Companies Inc. lifted its position in Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the period. Morgan Stanley boosted its stake in Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after buying an additional 212,739 shares in the last quarter. Northern Trust Corp increased its holdings in Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after buying an additional 155,066 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after buying an additional 148,076 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $0.38 during trading on Friday, reaching $134.29. The company’s stock had a trading volume of 1,418,797 shares, compared to its average volume of 2,397,580. The stock has a 50-day moving average price of $129.97 and a two-hundred day moving average price of $124.45. The stock has a market capitalization of $45.22 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 3.61 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.28.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.03 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.63%. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on KMB shares. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Citigroup upped their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their target price on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Bank of America boosted their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday, April 24th. Finally, StockNews.com upgraded Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $134.85.

Insider Activity

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,395 shares of company stock valued at $3,332,776. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.