Kimberly-Clark Co. (NYSE:KMB) Shares Sold by MAI Capital Management

MAI Capital Management trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,103 shares of the company's stock after selling 6,700 shares during the period. MAI Capital Management's holdings in Kimberly-Clark were worth $7,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company's stock valued at $762,279,000 after acquiring an additional 944,920 shares during the period. Capital World Investors grew its stake in Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company's stock valued at $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock worth $267,383,000 after purchasing an additional 354,501 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company's stock valued at $213,539,000 after buying an additional 503,839 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Kimberly-Clark by 32.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company's stock worth $188,040,000 after buying an additional 330,327 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KMB shares. StockNews.com lowered shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 23rd. Argus raised Kimberly-Clark to a "hold" rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research report on Tuesday, October 8th. Finally, UBS Group dropped their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded down $0.40 during midday trading on Tuesday, reaching $135.61. 1,767,365 shares of the stock were exchanged, compared to its average volume of 2,108,360. 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 firm has a market cap of $45.22 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.81 and a beta of 0.40. The firm has a 50-day simple moving average of $139.27 and a two-hundred day simple moving average of $139.15. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company 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 business posted $1.74 earnings per share. Kimberly-Clark's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.60%. Kimberly-Clark's dividend payout ratio is presently 63.29%.

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.