Kimberly-Clark Corporation $KMB Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC trimmed its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 67.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,999 shares of the company’s stock after selling 24,737 shares during the period. CoreCap Advisors LLC’s holdings in Kimberly-Clark were worth $1,492,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimberly-Clark by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock valued at $1,480,344,000 after buying an additional 218,644 shares during the period. Geode Capital Management LLC lifted its stake in Kimberly-Clark by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after acquiring an additional 363,865 shares in the last quarter. Invesco Ltd. boosted its holdings in Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after acquiring an additional 270,134 shares during the period. Finally, Norges Bank acquired a new position in Kimberly-Clark in the 2nd quarter valued at about $556,114,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.3%

Shares of NASDAQ KMB opened at $98.87 on Friday. The business has a 50-day moving average of $103.13 and a two-hundred day moving average of $118.82. The company has a market capitalization of $32.81 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 3.74 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. On average, analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KMB shares. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. TD Cowen reduced their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. UBS Group upped their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Morgan Stanley decreased their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $122.31.

Kimberly-Clark Company 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.