Fiduciary Trust Co Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Fiduciary Trust Co lessened its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,410 shares of the company’s stock after selling 757 shares during the period. Fiduciary Trust Co’s holdings in Kimberly-Clark were worth $2,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC raised its stake in shares of Kimberly-Clark by 42.9% during the third quarter. CreativeOne Wealth LLC now owns 14,128 shares of the company’s stock worth $2,010,000 after purchasing an additional 4,243 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Kimberly-Clark during the 3rd quarter worth $1,557,000. Glenmede Trust Co. NA lifted its stake in shares of Kimberly-Clark by 32.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock worth $9,037,000 after acquiring an additional 15,693 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Kimberly-Clark by 9.5% in the third quarter. Townsquare Capital LLC now owns 47,484 shares of the company’s stock valued at $6,756,000 after acquiring an additional 4,110 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its stake in shares of Kimberly-Clark by 13.8% during the third quarter. Baldwin Investment Management LLC now owns 16,397 shares of the company’s stock worth $2,333,000 after acquiring an additional 1,990 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $139.37 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock’s 50 day moving average price is $138.49 and its 200 day moving average price is $139.24. The firm has a market cap of $46.48 billion, a P/E ratio of 18.08, a PEG ratio of 2.92 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 earnings per share. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced 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 of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Barclays upped their price target 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 issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.93.

View Our Latest Report on Kimberly-Clark

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

(Free Report)

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.

See Also

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

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