Captrust Financial Advisors Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Captrust Financial Advisors trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,009 shares of the company’s stock after selling 3,564 shares during the quarter. Captrust Financial Advisors’ holdings in Kimberly-Clark were worth $11,953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Wulff Hansen & CO. raised its holdings in shares of Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after buying an additional 636,882 shares during the period. Marshall Wace LLP increased its stake in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Kimberly-Clark by 32.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after buying an additional 330,327 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.1 %

NYSE:KMB opened at $139.35 on Monday. The stock has a market capitalization of $46.47 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.92 and a beta of 0.40. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a 50 day moving average of $138.49 and a 200 day moving average of $139.30.

Kimberly-Clark (NYSE:KMB) last issued 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. 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 during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

About Kimberly-Clark

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.