Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Cypress Capital Group

Cypress Capital Group lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,161 shares of the company’s stock after selling 114 shares during the quarter. Cypress Capital Group’s holdings in Kimberly-Clark were worth $1,019,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CX Institutional lifted its stake in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after buying an additional 71 shares in the last quarter. My Legacy Advisors LLC lifted its stake in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after buying an additional 76 shares in the last quarter. Graypoint LLC lifted its stake in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after buying an additional 78 shares in the last quarter. Finally, Equitable Trust Co. lifted its stake in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group reduced their price target 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. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $137.21 on Friday. The stock has a 50-day moving average price of $138.82 and a 200 day moving average price of $139.11. 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 market cap of $45.76 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.85 and a beta of 0.40. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. Research analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business 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. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. Kimberly-Clark’s payout ratio is currently 63.29%.

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.