Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,355 shares of the company’s stock after selling 500 shares during the quarter. Tower Bridge Advisors’ holdings in Kimberly-Clark were worth $762,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMB. Orion Portfolio Solutions LLC raised its stake in shares of Kimberly-Clark by 10.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company’s stock worth $3,063,000 after buying an additional 2,246 shares in the last quarter. First Foundation Advisors raised its position in shares of Kimberly-Clark by 7.9% during the first quarter. First Foundation Advisors now owns 1,403 shares of the company’s stock worth $181,000 after purchasing an additional 103 shares during the period. Jacobi Capital Management LLC raised its position in shares of Kimberly-Clark by 4.5% during the first quarter. Jacobi Capital Management LLC now owns 10,467 shares of the company’s stock worth $1,354,000 after purchasing an additional 448 shares during the period. Rockport Wealth LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth $415,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Kimberly-Clark by 3.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 69,494 shares of the company’s stock worth $8,989,000 after purchasing an additional 2,465 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $134.08 on Friday. The company has a market cap of $44.71 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The stock has a 50-day moving average of $139.49 and a 200-day moving average of $139.13. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) 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 company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 3.64%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMB. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

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.