Entropy Technologies LP lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 80.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,712 shares of the company's stock after selling 27,417 shares during the period. Entropy Technologies LP's holdings in Kimberly-Clark were worth $955,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of KMB. Apollon Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 7.6% in the third quarter. Apollon Wealth Management LLC now owns 13,689 shares of the company's stock valued at $1,948,000 after buying an additional 966 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Kimberly-Clark by 21.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,850 shares of the company's stock valued at $975,000 after acquiring an additional 1,213 shares during the last quarter. Versor Investments LP acquired a new stake in Kimberly-Clark in the 3rd quarter valued at about $2,284,000. Buckingham Capital Management Inc. acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $203,000. Finally, United Capital Management of KS Inc. bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $4,444,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Kimberly-Clark Stock Up 0.2 %
Shares of Kimberly-Clark stock traded up $0.20 during trading on Thursday, hitting $132.39. 543,873 shares of the stock traded hands, compared to its average volume of 2,100,644. The company has a fifty day moving average price of $140.08 and a two-hundred day moving average price of $139.18. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a market cap of $44.15 billion, a P/E ratio of 17.15, a PEG ratio of 2.78 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The company 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 was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.
Kimberly-Clark Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.69%. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on KMB shares. StockNews.com downgraded Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Friday, October 11th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 24th. Finally, UBS Group cut their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $149.93.
View Our Latest Stock Report on KMB
Kimberly-Clark Company Profile
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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.
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