GLOBALT Investments LLC GA Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

GLOBALT Investments LLC GA lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,694 shares of the company’s stock after selling 1,851 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Kimberly-Clark were worth $6,359,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KMB. Rockport Wealth LLC purchased a new stake in Kimberly-Clark in the 1st quarter worth about $415,000. O Shaughnessy Asset Management LLC grew its holdings in Kimberly-Clark by 3.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,494 shares of the company’s stock valued at $8,989,000 after buying an additional 2,465 shares in the last quarter. Seven Eight Capital LP purchased a new position in Kimberly-Clark during the 1st quarter valued at about $424,000. Bessemer Group Inc. grew its holdings in Kimberly-Clark by 234.9% during the 1st quarter. Bessemer Group Inc. now owns 34,084 shares of the company’s stock valued at $4,410,000 after buying an additional 23,906 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in Kimberly-Clark by 9.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,898 shares of the company’s stock valued at $248,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $134.08 on Monday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business’s 50 day simple moving average is $139.49 and its two-hundred day simple moving average is $139.15. The stock has a market capitalization of $44.71 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

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 paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.64%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, TD Cowen assumed coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average 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.