Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 62.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,912 shares of the company’s stock after selling 9,772 shares during the quarter. Atria Investments Inc’s holdings in Kimberly-Clark were worth $841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional boosted its stake in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after buying an additional 71 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares during the last quarter. My Legacy Advisors LLC increased its position in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares during the last quarter. Graypoint LLC raised its stake in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the period. Finally, Equitable Trust Co. boosted its holdings in shares of Kimberly-Clark by 0.9% in the 2nd quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.4 %

Shares of NYSE KMB opened at $136.01 on Tuesday. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock’s 50-day simple moving average is $139.27 and its 200-day simple moving average is $139.15.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 EPS. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen assumed coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Finally, Barclays lifted their price target 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.