Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Increased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in Kimberly-Clark Co. by 6.8% during Q1, owning 160,200 shares valued at approximately $22.7 million.
• Kimberly-Clark reported $1.92 EPS for the last quarter, surpassing estimates by $0.25, but revenue was down 1.6% year-over-year.
• The company announced a quarterly dividend of $1.26, representing a 3.8% yield, with a payout ratio of 69.42%.

Resona Asset Management Co. Ltd. increased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,200 shares of the company's stock after purchasing an additional 10,228 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Kimberly-Clark were worth $22,736,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Kimberly-Clark by 13.7% during the first quarter. HighTower Advisors LLC now owns 194,743 shares of the company's stock valued at $27,696,000 after acquiring an additional 23,519 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Kimberly-Clark by 8.8% during the first quarter. Public Sector Pension Investment Board now owns 44,826 shares of the company's stock valued at $6,375,000 after acquiring an additional 3,639 shares during the period. Ballast Inc. raised its holdings in shares of Kimberly-Clark by 0.9% during the first quarter. Ballast Inc. now owns 9,661 shares of the company's stock valued at $1,374,000 after acquiring an additional 90 shares during the period. Independent Advisor Alliance raised its holdings in shares of Kimberly-Clark by 1.9% during the first quarter. Independent Advisor Alliance now owns 27,641 shares of the company's stock valued at $3,931,000 after acquiring an additional 527 shares during the period. Finally, CCM Investment Group LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $3,823,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB stock opened at $133.64 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $44.34 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm has a 50 day moving average of $130.54 and a two-hundred day moving average of $135.01.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI cut their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $142.70.

About Kimberly-Clark

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.

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