Cornercap Investment Counsel Inc. Has $1.46 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Cornercap Investment Counsel Inc. reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 28.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,265 shares of the company's stock after selling 4,146 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Kimberly-Clark were worth $1,461,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $26,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new position in Kimberly-Clark in the first quarter worth $27,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the third quarter valued at about $36,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $2.40 during mid-day trading on Friday, reaching $134.08. The company had a trading volume of 3,197,469 shares, compared to its average volume of 2,110,204. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The stock has a market cap of $44.71 billion, a PE ratio of 17.11, a P/E/G ratio of 2.77 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company has a 50-day moving average price of $139.75 and a two-hundred day moving average price of $139.13.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $1.74 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.64%. The ex-dividend date is Friday, December 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Argus upgraded Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $149.93.

About Kimberly-Clark

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.