CIBC Asset Management Inc Sells 10,280 Shares of Kimberly-Clark Co. (NYSE:KMB)

CIBC Asset Management Inc trimmed its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,370 shares of the company's stock after selling 10,280 shares during the quarter. CIBC Asset Management Inc's holdings in Kimberly-Clark were worth $14,992,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. StockNews.com cut Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 30th. Finally, Barclays upped their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.8 %

KMB stock traded up $2.40 during mid-day trading on Friday, reaching $134.08. The company's stock had a trading volume of 3,199,116 shares, compared to its average volume of 2,110,211. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. 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 business's 50 day moving average price is $139.49 and its 200 day moving average price is $139.12.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's payout ratio is currently 63.29%.

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.