Atria Investments Inc Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Atria Investments Inc lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 62.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,912 shares of the company's stock after selling 9,772 shares during the period. Atria Investments Inc's holdings in Kimberly-Clark were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the second quarter worth about $26,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark in the 1st quarter worth $27,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after acquiring an additional 202 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $149.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $0.41 during trading hours on Tuesday, reaching $136.42. The company's stock had a trading volume of 868,177 shares, compared to its average volume of 2,104,345. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm has a 50 day moving average price of $139.27 and a 200-day moving average price of $139.15. The stock has a market cap of $45.49 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. Kimberly-Clark's payout ratio is 63.29%.

Kimberly-Clark Company Profile

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.