Gofen & Glossberg LLC IL decreased its position in Kimberly-Clark Corp. (NYSE:KMB) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 87,419 shares of the company’s stock after selling 1,354 shares during the period. Gofen & Glossberg LLC IL’s holdings in Kimberly-Clark Corp. were worth $11,027,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Independence Advisors LLC increased its position in shares of Kimberly-Clark Corp. by 4.2% in the third quarter. Independence Advisors LLC now owns 1,656 shares of the company’s stock worth $209,000 after buying an additional 66 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its position in shares of Kimberly-Clark Corp. by 291.6% in the third quarter. Stuart Chaussee & Associates Inc. now owns 1,625 shares of the company’s stock worth $205,000 after buying an additional 1,210 shares during the last quarter. F&V Capital Management LLC increased its position in shares of Kimberly-Clark Corp. by 1.6% in the third quarter. F&V Capital Management LLC now owns 38,260 shares of the company’s stock worth $4,826,000 after buying an additional 590 shares during the last quarter. Telemus Capital LLC increased its position in shares of Kimberly-Clark Corp. by 0.3% in the third quarter. Telemus Capital LLC now owns 13,763 shares of the company’s stock worth $1,736,000 after buying an additional 41 shares during the last quarter. Finally, Burns J W & Co. Inc. NY increased its position in shares of Kimberly-Clark Corp. by 3.3% in the third quarter. Burns J W & Co. Inc. NY now owns 17,577 shares of the company’s stock worth $2,217,000 after buying an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 67.57% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded up 1.12% during midday trading on Friday, hitting $115.84. The stock had a trading volume of 996,853 shares. The company has a 50-day moving average of $116.08 and a 200-day moving average of $126.06. The stock has a market cap of $41.49 billion, a price-to-earnings ratio of 21.07 and a beta of 0.61. Kimberly-Clark Corp. has a 1-year low of $111.30 and a 1-year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by $0.02. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The company’s revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corp. will post $6.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, December 7th. Kimberly-Clark Corp.’s dividend payout ratio is presently 67.03%.
A number of research analysts have issued reports on the company. B. Riley reiterated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Zacks Investment Research lowered Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Atlantic Securities began coverage on Kimberly-Clark Corp. in a research report on Monday, October 10th. They set an “underweight” rating and a $124.00 price target on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. Finally, Deutsche Bank AG dropped their target price on Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating on the stock in a research report on Tuesday, October 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Kimberly-Clark Corp. currently has a consensus rating of “Hold” and a consensus target price of $132.60.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the sale, the senior vice president now owns 30,091 shares in the company, valued at $3,410,513.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Decherd acquired 2,000 shares of Kimberly-Clark Corp. stock in a transaction dated Thursday, October 27th. The shares were purchased at an average price of $113.59 per share, with a total value of $227,180.00. Following the acquisition, the director now owns 41,944 shares of the company’s stock, valued at $4,764,418.96. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.