Beacon Investment Advisory Services Inc. reduced its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,431 shares of the company’s stock after selling 851 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Kimberly Clark were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Exchange Capital Management Inc. increased its holdings in Kimberly Clark by 800.0% during the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after acquiring an additional 800 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after buying an additional 956 shares in the last quarter. Arlington Partners LLC purchased a new stake in shares of Kimberly Clark during the third quarter worth about $114,000. Fort L.P. purchased a new stake in shares of Kimberly Clark during the second quarter worth about $125,000. Finally, Bridgeworth LLC purchased a new stake in shares of Kimberly Clark during the second quarter worth about $135,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the sale, the senior vice president now directly owns 4,132 shares in the company, valued at $459,395.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.64% of the stock is currently owned by insiders.

A number of brokerages have recently commented on KMB. Citigroup lifted their price target on shares of Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a report on Wednesday, October 24th. Morgan Stanley set a $100.00 price target on shares of Kimberly Clark and gave the stock a “sell” rating in a report on Tuesday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and set a $100.00 price target on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co lifted their price target on shares of Kimberly Clark from $97.00 to $105.00 and gave the stock a “market perform” rating in a report on Wednesday, October 17th. Finally, Deutsche Bank downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price target for the company. in a report on Wednesday, October 10th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.64.

Kimberly Clark stock opened at $110.45 on Tuesday. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $123.77. The company has a market capitalization of $38.53 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.70 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. Kimberly Clark’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that Kimberly Clark Corp will post 6.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.62%. Kimberly Clark’s payout ratio is 64.21%.

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Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Read More: Hedge Funds Explained

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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