Capital Investment Counsel Inc Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Capital Investment Counsel Inc trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,544 shares of the company’s stock after selling 475 shares during the quarter. Capital Investment Counsel Inc’s holdings in Kimberly-Clark were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in Kimberly-Clark by 13.7% in the 1st quarter. Park Avenue Securities LLC now owns 7,274 shares of the company’s stock valued at $941,000 after acquiring an additional 878 shares during the period. International Assets Investment Management LLC grew its stake in Kimberly-Clark by 14.1% in the 1st quarter. International Assets Investment Management LLC now owns 2,318 shares of the company’s stock valued at $299,000 after acquiring an additional 286 shares during the period. Brookstone Capital Management grew its stake in Kimberly-Clark by 586.3% in the 1st quarter. Brookstone Capital Management now owns 84,868 shares of the company’s stock valued at $10,978,000 after acquiring an additional 72,502 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Kimberly-Clark by 2.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,797 shares of the company’s stock valued at $750,000 after acquiring an additional 166 shares during the period. Finally, Signet Financial Management LLC grew its stake in Kimberly-Clark by 3.6% in the 1st quarter. Signet Financial Management LLC now owns 13,967 shares of the company’s stock valued at $1,807,000 after acquiring an additional 491 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KMB shares. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday. Barclays lifted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Insider Activity at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE:KMB opened at $136.89 on Thursday. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The firm has a market capitalization of $46.09 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The firm’s 50-day moving average is $143.18 and its two-hundred day moving average is $138.66. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. Analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

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.