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

Key Points

• Korea Investment CORP boosted its stake in Kimberly‑Clark by 15.4% in Q3 to 308,179 shares, a position worth about $38.32 million (≈0.09% of the company) per its latest 13F filing.
• Kimberly‑Clark increased its quarterly dividend to $1.28 (annualized $5.12) for a ~5.0% yield, with an ex‑dividend date of March 6 and payment on April 2; the payout ratio is about 84.35%.
• Analysts hold a consensus "Hold" rating with a $119 target; the company recently beat EPS estimates ($1.86 vs. $1.81) while missing revenue slightly, and the stock trades near $102.85 with a P/E of ~16.9.

Korea Investment CORP lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 15.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,179 shares of the company's stock after buying an additional 41,233 shares during the period. Korea Investment CORP owned about 0.09% of Kimberly-Clark worth $38,319,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KMB. Brighton Jones LLC grew its stake in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after acquiring an additional 2,765 shares during the period. Savant Capital LLC raised its position in shares of Kimberly-Clark by 2.5% during the second quarter. Savant Capital LLC now owns 29,582 shares of the company's stock worth $3,814,000 after purchasing an additional 721 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $436,000. Parkside Financial Bank & Trust lifted its holdings in shares of Kimberly-Clark by 9.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,661 shares of the company's stock valued at $343,000 after purchasing an additional 237 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Kimberly-Clark by 5.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 673,096 shares of the company's stock valued at $86,776,000 after purchasing an additional 34,016 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on KMB shares. Argus upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Thursday, November 13th. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a report on Tuesday, February 17th. UBS Group increased their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a report on Friday, January 16th. Finally, Citigroup cut their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $119.00.

Kimberly-Clark Trading Down 1.7%

NASDAQ KMB opened at $102.85 on Tuesday. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock's 50 day moving average price is $103.45 and its two-hundred day moving average price is $110.86. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.76 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share 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 company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same period last year, the business earned $1.50 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark's payout ratio is 84.35%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.64% of the company's stock.

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.

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