Cornercap Investment Counsel Inc. Has $1.46 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Cornercap Investment Counsel Inc. reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 28.8% during the 3rd quarter, Holdings Channel reports. The fund owned 10,265 shares of the company’s stock after selling 4,146 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Kimberly-Clark were worth $1,461,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark during the first quarter valued at $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

NYSE:KMB opened at $131.68 on Friday. The company has a market cap of $43.91 billion, a P/E ratio of 17.08, a P/E/G ratio of 2.77 and a beta of 0.40. 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 firm’s fifty day moving average price is $140.08 and its two-hundred day moving average price is $139.18. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping 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 business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.71%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. 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. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Company 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.