Kimberly-Clark Corporation $KMB Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC reduced its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 67.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,999 shares of the company’s stock after selling 24,737 shares during the quarter. CoreCap Advisors LLC’s holdings in Kimberly-Clark were worth $1,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Advisory Alpha LLC grew its holdings in shares of Kimberly-Clark by 22.3% during the first quarter. Advisory Alpha LLC now owns 2,553 shares of the company’s stock worth $363,000 after buying an additional 466 shares during the last quarter. Integrity Alliance LLC. acquired a new position in Kimberly-Clark in the 1st quarter valued at about $311,000. Belpointe Asset Management LLC raised its stake in Kimberly-Clark by 31.4% during the 1st quarter. Belpointe Asset Management LLC now owns 5,553 shares of the company’s stock valued at $790,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Kimberly-Clark by 12.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,360 shares of the company’s stock worth $336,000 after acquiring an additional 255 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BNP Paribas Exane dropped their target price on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday. Royal Bank Of Canada restated an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. BNP Paribas reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Evercore ISI reissued an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. 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, the stock currently has an average rating of “Hold” and an average price target of $122.31.

Kimberly-Clark Price Performance

KMB stock opened at $98.87 on Friday. The firm has a 50 day moving average of $103.13 and a 200-day moving average of $118.82. The company has a market cap of $32.81 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 3.74 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly 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 business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

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.