Stifel Financial Corp Sells 33,496 Shares of Kimberly-Clark Co. (NYSE:KMB)

Stifel Financial Corp trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 846,433 shares of the company's stock after selling 33,496 shares during the period. Stifel Financial Corp owned approximately 0.25% of Kimberly-Clark worth $120,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KMB. Wulff Hansen & CO. boosted its holdings 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 acquiring an additional 636,882 shares during the period. Marshall Wace LLP raised 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. Ilex Capital Partners UK LLP raised its position in shares of Kimberly-Clark by 140.0% during the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock valued at $94,278,000 after buying an additional 386,510 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock valued at $1,431,443,000 after buying an additional 358,926 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 354,501 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $3.46 during mid-day trading on Friday, hitting $134.69. 2,207,240 shares of the stock were exchanged, compared to its average volume of 2,109,441. The company has a market cap of $44.92 billion, a P/E ratio of 17.47, a PEG ratio of 2.87 and a beta of 0.40. The stock's fifty day simple moving average is $138.20 and its two-hundred day simple moving average is $139.33. 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 twelve month low of $117.67 and a twelve month high of $149.30.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed 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. This represents a $4.88 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark's payout ratio is 63.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped 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. Barclays upped their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. 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 report on Wednesday, October 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $149.93.

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.