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

Prime Capital Investment Advisors LLC lessened its position in Kimberly-Clark Co. (NYSE:KMB) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $26,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.4 %

NYSE KMB opened at $131.68 on Friday. 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 Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business has a 50 day moving average price of $140.08 and a two-hundred day moving average price of $139.18. The stock has a market cap of $43.91 billion, a PE ratio of 17.15, a P/E/G ratio of 2.78 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMB. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. UBS Group decreased 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. Barclays upped 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. Wells Fargo & Company reduced their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.