Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,960 shares of the company’s stock after selling 598 shares during the quarter. Dearborn Partners LLC’s holdings in Kimberly-Clark were worth $5,259,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KMB. Vest Financial LLC increased its stake in shares of Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth about $14,751,000. Swedbank AB lifted its holdings in shares of Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after buying an additional 6,392 shares during the period. PGGM Investments boosted its stake in shares of Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after buying an additional 11,882 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in Kimberly-Clark by 107.8% during the first quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after acquiring an additional 6,293 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued 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 Stock Down 0.4 %

Shares of KMB opened at $131.68 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock has a fifty day simple moving average of $140.08 and a two-hundred day simple moving average of $139.18. The company has a market capitalization of $43.91 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last posted its 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. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared 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 of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.71%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Kimberly-Clark 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.