KCM Investment Advisors LLC Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

KCM Investment Advisors LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,797 shares of the company’s stock after selling 1,417 shares during the quarter. KCM Investment Advisors LLC’s holdings in Kimberly-Clark were worth $13,488,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vest Financial LLC raised its position in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after buying an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $14,751,000. Swedbank AB lifted its position in shares of Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after purchasing an additional 6,392 shares during the period. PGGM Investments lifted its position 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, CreativeOne Wealth LLC lifted its position in shares of Kimberly-Clark by 107.8% in the 1st quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after purchasing an additional 6,293 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on KMB shares. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.0 %

KMB stock traded up $1.31 during trading on Friday, reaching $132.99. 292,011 shares of the stock were exchanged, compared to its average volume of 2,097,116. 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 business has a 50 day moving average price of $139.75 and a 200-day moving average price of $139.13. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

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.