GRIMES & Co WEALTH MANAGEMENT LLC Sells 10,290 Shares of Kimberly-Clark Corporation $KMB

GRIMES & Co WEALTH MANAGEMENT LLC cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,116 shares of the company’s stock after selling 10,290 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Kimberly-Clark were worth $17,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at about $25,000. True Wealth Design LLC increased its holdings in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC bought a new position in Kimberly-Clark in the 2nd quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.4%

Kimberly-Clark stock opened at $98.27 on Tuesday. The firm has a market capitalization of $32.61 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 3.76 and a beta of 0.26. The company’s 50 day simple moving average is $102.61 and its 200 day simple moving average is $118.25. 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 Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted 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. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. TD Cowen dropped their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Citigroup reduced their target price on shares of Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating on the stock in a research note on Wednesday, December 17th. Barclays set a $132.00 price target on shares of Kimberly-Clark in a research report on Monday, November 3rd. Finally, Evercore ISI restated an “in-line” rating and issued a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $122.31.

About Kimberly-Clark

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.