Archer Investment Corp Trims Stake in Kimberly-Clark Co. (NYSE:KMB)

Archer Investment Corp reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,503 shares of the company’s stock after selling 152 shares during the quarter. Archer Investment Corp’s holdings in Kimberly-Clark were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Kimberly-Clark by 40.2% during the 3rd quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock valued at $7,686,000 after acquiring an additional 15,482 shares in the last quarter. Empirical Finance LLC boosted its position in Kimberly-Clark by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 11,690 shares of the company’s stock valued at $1,663,000 after acquiring an additional 259 shares in the last quarter. Intellectus Partners LLC boosted its position in Kimberly-Clark by 5.5% during the 3rd quarter. Intellectus Partners LLC now owns 7,144 shares of the company’s stock valued at $1,025,000 after acquiring an additional 372 shares in the last quarter. ING Groep NV boosted its position in Kimberly-Clark by 0.5% during the 3rd quarter. ING Groep NV now owns 73,018 shares of the company’s stock valued at $10,389,000 after acquiring an additional 340 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Kimberly-Clark by 4.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company’s stock valued at $1,379,000 after acquiring an additional 422 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.2 %

Shares of KMB stock traded up $0.22 during trading on Friday, hitting $131.90. 181,848 shares of the stock traded hands, compared to its average volume of 2,096,620. The firm has a market capitalization of $43.99 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. 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’s fifty day moving average price is $139.75 and its 200-day moving average price is $139.13. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released 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 for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KMB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Barclays lifted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $149.93.

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.