Linscomb Wealth Inc. Sells 156 Shares of Kimberly-Clark Co. (NYSE:KMB)

Linscomb Wealth Inc. decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,866 shares of the company’s stock after selling 156 shares during the quarter. Linscomb Wealth Inc.’s holdings in Kimberly-Clark were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KMB. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. 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. TD Cowen assumed coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.8 %

Shares of Kimberly-Clark stock opened at $134.08 on Friday. The stock has a fifty day moving average price of $139.49 and a 200-day moving average price of $139.12. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market cap of $44.71 billion, a PE ratio of 17.39, a P/E/G ratio of 2.77 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.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

About Kimberly-Clark

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.