American International Group Inc. lessened its stake in Kimberly Clark Corp (NYSE:KMB) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,936,246 shares of the company’s stock after selling 258,227 shares during the period. Kimberly Clark accounts for about 1.5% of American International Group Inc.’s portfolio, making the stock its 24th largest position. American International Group Inc. owned 1.14% of Kimberly Clark worth $447,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Exchange Capital Management Inc. increased its stake in Kimberly Clark by 800.0% in the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after buying an additional 800 shares during the period. Braun Bostich & Associates Inc. increased its stake in Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after buying an additional 956 shares during the period. Arlington Partners LLC purchased a new position in Kimberly Clark in the 3rd quarter worth about $114,000. Fort L.P. purchased a new position in Kimberly Clark in the 2nd quarter worth about $125,000. Finally, Bridgeworth LLC purchased a new position in Kimberly Clark in the 2nd quarter worth about $135,000. 73.38% of the stock is currently owned by institutional investors.

NYSE KMB opened at $111.60 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. The stock has a market cap of $38.53 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.77.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 7th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, December 6th. Kimberly Clark’s payout ratio is currently 64.21%.

In other news, SVP Jeffrey P. Melucci sold 1,000 shares of Kimberly Clark 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 transaction, the senior vice president now 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 SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a research note on Wednesday, October 24th. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research report on Tuesday, October 23rd. Jefferies Financial Group reissued a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a research report on Monday, October 22nd. Wells Fargo & Co raised their target price on shares of Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a research 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 target price on the stock. in a research 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 stock. The company has a consensus rating of “Hold” and a consensus price target of $105.64.

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About Kimberly Clark

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.

Further Reading: Cost of Debt

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

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