TRUE Private Wealth Advisors Decreases Position in Kimberly-Clark Co. (NYSE:KMB)

TRUE Private Wealth Advisors decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 26.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,673 shares of the company’s stock after selling 1,303 shares during the period. TRUE Private Wealth Advisors’ holdings in Kimberly-Clark were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. CX Institutional increased its holdings in shares of Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares during the period. My Legacy Advisors LLC boosted its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after acquiring an additional 77 shares during the period. Finally, Graypoint LLC raised its holdings in shares of Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after purchasing an additional 78 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Barclays lifted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Up 0.1 %

KMB opened at $139.37 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The firm’s fifty day moving average is $138.49 and its 200 day moving average is $139.24.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

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.