Ethic Inc. Sells 5,776 Shares of Kimberly-Clark Corporation $KMB

Ethic Inc. cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,325 shares of the company’s stock after selling 5,776 shares during the period. Ethic Inc.’s holdings in Kimberly-Clark were worth $5,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Empirical Finance LLC increased its stake in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after acquiring an additional 78 shares in the last quarter. Monarch Capital Management Inc. increased its position in Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares during the period. TFB Advisors LLC raised its holdings in shares of Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after purchasing an additional 82 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Kimberly-Clark by 3.0% in the 1st quarter. State of Wyoming now owns 2,879 shares of the company’s stock valued at $409,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $101.03 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The firm has a market cap of $33.53 billion, a PE ratio of 17.09, a P/E/G ratio of 4.39 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The stock has a fifty day moving average price of $106.31 and a 200-day moving average price of $120.34.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s dividend payout ratio is 85.28%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMB. Morgan Stanley dropped their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. TD Cowen dropped their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. BNP Paribas Exane cut their price target on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Finally, Citigroup dropped their price objective on Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating on the stock in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $124.62.

Kimberly-Clark Company Profile

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.