Transamerica Financial Advisors Inc. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,121 shares of the company’s stock after selling 917 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Kimberly-Clark were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Kimberly-Clark by 97.1% during the third quarter. Los Angeles Capital Management LLC now owns 3,707 shares of the company’s stock worth $417,000 after purchasing an additional 1,826 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in Kimberly-Clark by 7.6% during the third quarter. LVM Capital Management Ltd. MI now owns 2,259 shares of the company’s stock valued at $254,000 after buying an additional 160 shares during the period. CBOE Vest Financial LLC grew its position in Kimberly-Clark by 0.6% during the third quarter. CBOE Vest Financial LLC now owns 68,578 shares of the company’s stock valued at $7,718,000 after buying an additional 440 shares during the period. Stock Yards Bank & Trust Co. grew its position in Kimberly-Clark by 94.8% during the second quarter. Stock Yards Bank & Trust Co. now owns 14,094 shares of the company’s stock valued at $1,905,000 after buying an additional 6,860 shares during the period. Finally, Hancock Whitney Corp grew its position in Kimberly-Clark by 2.3% during the second quarter. Hancock Whitney Corp now owns 6,472 shares of the company’s stock valued at $875,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on KMB. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kimberly-Clark from $124.00 to $122.00 in a research report on Thursday, January 26th. UBS Group lifted their target price on shares of Kimberly-Clark from $129.00 to $136.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. Jefferies Financial Group lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and lifted their target price for the company from $137.00 to $139.00 in a research report on Wednesday, January 4th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Finally, Barclays dropped their target price on shares of Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $128.00.
Kimberly-Clark Price Performance
Shares of KMB stock opened at $127.22 on Friday. The company has a debt-to-equity ratio of 10.83, a current ratio of 0.78 and a quick ratio of 0.47. The firm’s 50-day moving average is $133.07 and its two-hundred day moving average is $128.66. Kimberly-Clark Co. has a 12 month low of $108.74 and a 12 month high of $144.53. The company has a market capitalization of $42.94 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.40.
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. Kimberly-Clark’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Analysts predict that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.
Kimberly-Clark Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.16. The ex-dividend date is Thursday, March 9th. Kimberly-Clark’s payout ratio is 81.12%.
Kimberly-Clark Company Profile
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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