Glass Jacobson Investment Advisors llc Has $324,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Glass Jacobson Investment Advisors llc trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 2,276 shares of the company’s stock after selling 100 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Kimberly-Clark were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC increased its holdings in shares of Kimberly-Clark by 8.8% during the third quarter. Orion Portfolio Solutions LLC now owns 32,390 shares of the company’s stock worth $4,608,000 after purchasing an additional 2,614 shares during the period. XTX Topco Ltd lifted its stake in shares of Kimberly-Clark by 119.5% in the 3rd quarter. XTX Topco Ltd now owns 25,952 shares of the company’s stock valued at $3,692,000 after acquiring an additional 14,130 shares during the last quarter. Zacks Investment Management increased its stake in shares of Kimberly-Clark by 3.8% in the third quarter. Zacks Investment Management now owns 75,166 shares of the company’s stock valued at $10,695,000 after buying an additional 2,779 shares during the period. iA Global Asset Management Inc. increased its position in Kimberly-Clark by 9.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 24,372 shares of the company’s stock valued at $3,468,000 after acquiring an additional 2,137 shares during the period. Finally, EP Wealth Advisors LLC raised its position in Kimberly-Clark by 24.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 20,812 shares of the company’s stock worth $2,961,000 after purchasing an additional 4,028 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the firm’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 transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $132.93 on Tuesday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a market capitalization of $44.33 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. The firm has a 50 day moving average of $137.86 and a 200 day moving average of $139.42. 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 announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the company posted $1.74 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts anticipate 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. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.67%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMB. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. UBS Group lowered their price target 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, Barclays raised their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $149.93.

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.