Zurcher Kantonalbank Zurich Cantonalbank Sells 326,859 Shares of Kimberly-Clark Co. (NYSE:KMB)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 48.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,637 shares of the company’s stock after selling 326,859 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kimberly-Clark were worth $48,893,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC grew its holdings in shares of Kimberly-Clark by 42.9% in the third quarter. CreativeOne Wealth LLC now owns 14,128 shares of the company’s stock worth $2,010,000 after purchasing an additional 4,243 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at $1,557,000. Glenmede Trust Co. NA increased its position in shares of Kimberly-Clark by 32.8% in the third quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock valued at $9,037,000 after acquiring an additional 15,693 shares during the period. Townsquare Capital LLC raised its stake in shares of Kimberly-Clark by 9.5% during the third quarter. Townsquare Capital LLC now owns 47,484 shares of the company’s stock valued at $6,756,000 after acquiring an additional 4,110 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its holdings in shares of Kimberly-Clark by 13.8% during the third quarter. Baldwin Investment Management LLC now owns 16,397 shares of the company’s stock worth $2,333,000 after purchasing an additional 1,990 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. 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. Barclays boosted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. UBS Group dropped their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Down 0.4 %

Shares of NYSE:KMB opened at $139.20 on Friday. 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 $46.42 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.92 and a beta of 0.40. The stock has a fifty day simple moving average of $138.52 and a two-hundred day simple moving average of $139.21. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.51%. Kimberly-Clark’s payout ratio is currently 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.