Rhumbline Advisers Sells 16,630 Shares of Kimberly-Clark Corporation $KMB

Rhumbline Advisers lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 740,387 shares of the company’s stock after selling 16,630 shares during the period. Rhumbline Advisers owned approximately 0.22% of Kimberly-Clark worth $92,060,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its stake in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Princeton Global Asset Management LLC grew its holdings in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC bought a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Finally, Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the 2nd quarter worth $27,000. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $108.26 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The company has a market cap of $35.93 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 4.23 and a beta of 0.26. The company has a 50 day moving average of $101.32 and a 200-day moving average of $113.99. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm posted $1.50 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is presently 83.03%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. Evercore restated an “in-line” rating and issued a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. TD Cowen cut their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Morgan Stanley lowered their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $118.58.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.