Kimberly-Clark Co. (NYSE:KMB) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.9% in the third quarter, Holdings Channel reports. The institutional investor owned 105,370 shares of the company’s stock after selling 10,280 shares during the quarter. CIBC Asset Management Inc’s holdings in Kimberly-Clark were worth $14,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional grew its position in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares during the period. My Legacy Advisors LLC raised its holdings in Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares in the last quarter. Graypoint LLC grew its holdings in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares in the last quarter. Finally, Equitable Trust Co. increased its position in shares of Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after purchasing an additional 80 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.8 %

NYSE KMB opened at $134.08 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a market capitalization of $44.71 billion, a PE ratio of 17.39, a P/E/G ratio of 2.77 and a beta of 0.40. The stock has a 50-day simple moving average of $139.75 and a 200 day simple moving average of $139.13.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of 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 reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark 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.