Coastline Trust Co Sells 1,015 Shares of Kimberly-Clark Co. (NYSE:KMB)

Coastline Trust Co reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 30.4% in the 3rd quarter, Holdings Channel reports. The firm owned 2,320 shares of the company’s stock after selling 1,015 shares during the period. Coastline Trust Co’s holdings in Kimberly-Clark were worth $330,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $26,000. New Millennium Group LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. increased its position in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the period. Finally, Kennebec Savings Bank acquired a new position in shares of Kimberly-Clark during the third quarter worth approximately $36,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Up 1.8 %

Kimberly-Clark stock opened at $134.08 on Friday. The company has a fifty day simple moving average of $139.49 and a 200 day simple moving average of $139.13. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company has a market cap of $44.71 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given 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 currently 63.29%.

Kimberly-Clark Company Profile

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.