Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,790 shares of the company’s stock after selling 153 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Price T Rowe Associates Inc. MD grew its stake in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after acquiring an additional 636,882 shares in the last quarter. Marshall Wace LLP grew its position in shares of Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after acquiring an additional 503,839 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kimberly-Clark by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after acquiring an additional 342,790 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of several recent research reports. TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, Barclays raised their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $131.68 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The firm has a market capitalization of $43.91 billion, a PE ratio of 17.15, a P/E/G ratio of 2.78 and a beta of 0.40. The firm has a 50-day moving average price of $140.08 and a 200 day moving average price of $139.18. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.71%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

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.