QRG Capital Management Inc. Sells 95,408 Shares of Kimberly-Clark Corporation $KMB

QRG Capital Management Inc. cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 52.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,337 shares of the company’s stock after selling 95,408 shares during the period. QRG Capital Management Inc.’s holdings in Kimberly-Clark were worth $10,735,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $25,000. True Wealth Design LLC raised its stake in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the last quarter. Winnow Wealth LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at $27,000. Finally, Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter worth $27,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $99.32 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 3.81 and a beta of 0.26. The stock’s fifty day moving average price is $102.45 and its two-hundred day moving average price is $117.49. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the firm earned $1.83 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s payout ratio is currently 85.28%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMB. UBS Group decreased their price objective on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Citigroup reduced their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday. TD Cowen dropped their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Finally, Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $117.69.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.