42,621 Kimberly-Clark Corporation $KMB Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 9.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 404,192 shares of the company’s stock after selling 42,621 shares during the period. King Luther Capital Management Corp’s holdings in Kimberly-Clark were worth $39,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in shares of Kimberly-Clark by 13.2% in the third quarter. Maryland State Retirement & Pension System now owns 19,576 shares of the company’s stock valued at $1,907,000 after purchasing an additional 2,277 shares during the period. International Private Wealth Advisors LLC grew its holdings in Kimberly-Clark by 34.1% during the 3rd quarter. International Private Wealth Advisors LLC now owns 9,352 shares of the company’s stock valued at $911,000 after purchasing an additional 2,380 shares in the last quarter. AMG National Trust Bank increased its stake in Kimberly-Clark by 4.9% during the 3rd quarter. AMG National Trust Bank now owns 4,196 shares of the company’s stock worth $409,000 after buying an additional 196 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in Kimberly-Clark by 8.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,874 shares of the company’s stock worth $280,000 after buying an additional 214 shares during the period. Finally, Lido Advisors LLC increased its stake in Kimberly-Clark by 12.1% during the 3rd quarter. Lido Advisors LLC now owns 17,170 shares of the company’s stock worth $1,673,000 after buying an additional 1,857 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $108.86 on Thursday. The firm has a fifty day moving average of $102.72 and a two-hundred day moving average of $103.36. The firm has a market cap of $36.21 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.78 and a beta of 0.25. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $116.82. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.89 and a quick ratio of 0.65.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.40 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, December 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 51.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson raised their target price on Kimberly-Clark from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler increased their price target on Kimberly-Clark from $118.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, November 6th. UBS Group raised their price objective on Kimberly-Clark from $106.00 to $113.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Rothschild & Co Redburn dropped their price objective on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Bank of America cut their target price on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.20.

About Kimberly-Clark

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.