Captrust Financial Advisors Sells 3,564 Shares of Kimberly-Clark Co. (NYSE:KMB)

Captrust Financial Advisors decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,009 shares of the company’s stock after selling 3,564 shares during the period. Captrust Financial Advisors’ holdings in Kimberly-Clark were worth $11,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $26,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the second quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the third quarter worth about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of 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. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.1 %

Kimberly-Clark stock opened at $139.35 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 firm’s 50 day moving average price is $138.49 and its 200-day moving average price is $139.30. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock has a market cap of $46.47 billion, a P/E ratio of 18.07, a PEG ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company 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 3.50%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analysts Set New Price Targets

KMB has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Barclays raised their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two 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 company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average 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.