PNC Financial Services Group Inc. Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

PNC Financial Services Group Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 564,695 shares of the company's stock after selling 32,238 shares during the quarter. PNC Financial Services Group Inc. owned about 0.17% of Kimberly-Clark worth $80,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in 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 worth $762,279,000 after acquiring an additional 944,920 shares during the last quarter. Wulff Hansen & CO. raised its stake in Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company's stock valued at $88,659,000 after purchasing an additional 636,882 shares in the last quarter. Marshall Wace LLP lifted its position in 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 purchasing an additional 503,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company's stock valued at $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company's stock worth $293,559,000 after buying an additional 342,790 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. StockNews.com downgraded Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. 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 note on Wednesday, October 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays boosted their target price 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. Finally, Argus upgraded Kimberly-Clark to a "hold" rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average target price of $149.93.

Kimberly-Clark Trading Up 0.6 %

Shares of NYSE KMB traded up $0.76 during trading on Wednesday, hitting $136.37. 1,774,725 shares of the company were exchanged, compared to its average volume of 2,107,377. 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 Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a fifty day moving average price of $138.92 and a 200-day moving average price of $139.13. The firm has a market capitalization of $45.48 billion, a PE ratio of 17.69, a P/E/G ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. As a group, equities research analysts expect 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. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, December 6th. 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.