Baldwin Investment Management LLC Has $2.33 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Baldwin Investment Management LLC lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 13.8% in the third quarter, HoldingsChannel.com reports. The fund owned 16,397 shares of the company’s stock after buying an additional 1,990 shares during the period. Baldwin Investment Management LLC’s holdings in Kimberly-Clark were worth $2,333,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $26,000. New Millennium Group LLC acquired a new position in Kimberly-Clark during the second quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the third quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.73 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm’s fifty day simple moving average is $138.58 and its two-hundred day simple moving average is $139.21. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a market capitalization of $46.60 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.49%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KMB. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $149.93.

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.