Kimberly-Clark Co. (NYSE:KMB) Position Trimmed by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 58.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,411 shares of the company's stock after selling 7,608 shares during the period. TD Private Client Wealth LLC's holdings in Kimberly-Clark were worth $770,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Vest Financial LLC lifted its holdings in Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company's stock worth $49,409,000 after buying an additional 21,339 shares during the last quarter. Swedbank AB grew its position in shares of Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company's stock worth $22,956,000 after acquiring an additional 6,392 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $36,608,000. Finally, Pathstone Holdings LLC raised its position in shares of Kimberly-Clark by 9.0% during the 3rd quarter. Pathstone Holdings LLC now owns 51,217 shares of the company's stock valued at $7,294,000 after acquiring an additional 4,229 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

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

Kimberly-Clark Price Performance

Shares of KMB traded up $0.45 during midday trading on Friday, reaching $131.34. The stock had a trading volume of 1,621,589 shares, compared to its average volume of 2,113,666. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market capitalization of $43.80 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.74 and a beta of 0.40. The firm's 50 day moving average price is $137.08 and its 200-day moving average price is $139.30. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for 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%. Kimberly-Clark's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.72%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of research reports. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. UBS Group dropped their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased 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. Finally, JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus 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.