Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 103.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,003 shares of the company’s stock after purchasing an additional 8,129 shares during the period. Kimberly-Clark makes up 1.7% of OmniStar Financial Group Inc.’s investment portfolio, making the stock its 8th biggest holding. OmniStar Financial Group Inc.’s holdings in Kimberly-Clark were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after buying an additional 69,794 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at $14,751,000. Swedbank AB increased its holdings in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares during the last quarter. PGGM Investments raised its holdings in shares of Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Kimberly-Clark by 10.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock valued at $8,728,000 after buying an additional 6,458 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.7 %

KMB stock traded down $1.00 during trading on Friday, reaching $145.09. The company had a trading volume of 703,845 shares, compared to its average volume of 2,090,850. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 52 week low of $116.63 and a 52 week high of $149.30. The business has a 50 day moving average of $143.05 and a 200 day moving average of $138.19. The company has a market cap of $48.85 billion, a P/E ratio of 26.86, a PEG ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

KMB has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Wells Fargo & Company cut their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.14.

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.