Kingsview Wealth Management LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Kingsview Wealth Management LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,797 shares of the company’s stock after selling 774 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. Charles Schwab Investment Management Inc. lifted its holdings in Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after buying an additional 358,926 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after acquiring an additional 354,501 shares during the period. Marshall Wace LLP boosted its holdings in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares in the last quarter. Acadian Asset Management LLC increased its position in Kimberly-Clark by 32.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after purchasing an additional 330,327 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Kimberly-Clark by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,207,253 shares of the company’s stock worth $166,971,000 after purchasing an additional 23,788 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.5 %

Shares of NYSE:KMB opened at $139.14 on Tuesday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock has a market capitalization of $46.40 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.90 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock’s 50-day simple moving average is $138.61 and its two-hundred day simple moving average is $139.19.

Kimberly-Clark (NYSE:KMB) last announced 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 net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the business posted $1.74 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KMB shares. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Barclays raised their price objective 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. UBS Group decreased 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 note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $149.93.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’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 in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

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.