Cypress Capital Group Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Cypress Capital Group reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,161 shares of the company’s stock after selling 114 shares during the period. Cypress Capital Group’s holdings in Kimberly-Clark were worth $1,019,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CX Institutional increased its position in shares of Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after purchasing an additional 71 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares during the last quarter. My Legacy Advisors LLC boosted its holdings in shares of Kimberly-Clark by 4.6% in the 3rd 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 boosted its holdings in shares of Kimberly-Clark by 1.5% in the 3rd 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. boosted its holdings in shares of Kimberly-Clark by 0.9% in the 2nd 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. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. 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 note on Tuesday, October 8th. Finally, Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $137.21 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a 50-day moving average price of $138.82 and a two-hundred day moving average price of $139.11. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a market capitalization of $45.76 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.85 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 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 firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts expect 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 paid 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 dividend 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.