Leisure Capital Management cut its stake in Kimberly Clark Corp (NYSE:KMB) by 27.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,384 shares of the company’s stock after selling 2,474 shares during the period. Leisure Capital Management’s holdings in Kimberly Clark were worth $725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Capital Management Inc. grew 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 worth $102,000 after acquiring an additional 800 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after acquiring an additional 956 shares in the last quarter. Arlington Partners LLC bought a new position in Kimberly Clark during the 3rd quarter worth about $114,000. Fort L.P. bought a new position in Kimberly Clark during the 2nd quarter worth about $125,000. Finally, Bridgeworth LLC bought a new position in Kimberly Clark during the 2nd quarter worth about $135,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Several research analysts have issued reports on the stock. Citigroup increased their target price 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 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a report on Tuesday, October 23rd. Jefferies Financial Group restated a “hold” rating and issued a $100.00 price target on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co raised their price target on shares of Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Finally, Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price target on the stock. in a report on Wednesday, October 10th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $105.64.

NYSE:KMB opened at $110.45 on Tuesday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77. The stock has a market capitalization of $38.53 billion, a PE ratio of 17.73, a PEG ratio of 2.70 and a beta of 0.67. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share 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 business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the business earned $1.60 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current year.

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

In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the 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 transaction, the senior vice president now directly owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

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Kimberly Clark Company 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.

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

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