Rockefeller Capital Management L.P. Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Rockefeller Capital Management L.P. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 23.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,269 shares of the company's stock after selling 13,088 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Kimberly-Clark were worth $6,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in shares of Kimberly-Clark by 24.5% during the 2nd quarter. Park Avenue Securities LLC now owns 9,059 shares of the company's stock valued at $1,252,000 after acquiring an additional 1,785 shares during the period. Csenge Advisory Group boosted its position in shares of Kimberly-Clark by 29.2% in the 2nd quarter. Csenge Advisory Group now owns 3,013 shares of the company's stock worth $416,000 after buying an additional 681 shares in the last quarter. CX Institutional grew its stake in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company's stock valued at $825,000 after acquiring an additional 71 shares during the last quarter. Jamison Private Wealth Management Inc. increased its holdings in Kimberly-Clark by 4.4% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 3,379 shares of the company's stock valued at $467,000 after acquiring an additional 142 shares in the last quarter. Finally, Symmetry Partners LLC raised its position in Kimberly-Clark by 14.8% during the second quarter. Symmetry Partners LLC now owns 2,609 shares of the company's stock worth $361,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

Kimberly-Clark Trading Up 0.9 %

Shares of NYSE KMB traded up $1.17 during trading on Thursday, hitting $137.96. 797,084 shares of the company traded hands, compared to its average volume of 2,102,674. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market capitalization of $46.01 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.87 and a beta of 0.40. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a 50-day moving average price of $138.28 and a 200-day moving average price of $139.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data 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 business 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 company's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's payout ratio is currently 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research note 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $149.93.

Kimberly-Clark 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.