Kimberly Clark Corp (KMB) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,709 shares of the company’s stock after selling 5,259 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kimberly Clark were worth $5,967,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Heritage Trust Co raised its position in shares of Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. raised its position in shares of Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares in the last quarter. Mosaic Family Wealth LLC increased its position in Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Kimberly Clark in the 2nd quarter valued at about $150,000. 71.47% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on KMB shares. Bank of America decreased their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup cut their price target on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $126.50.

Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.98 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The company has a market cap of $39,643.05, a P/E ratio of 18.64, a P/E/G ratio of 2.77 and a beta of 0.75. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is currently 64.03%.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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