Metis Global Partners LLC Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

by · The Markets Daily

Metis Global Partners LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,358 shares of the company’s stock after selling 2,091 shares during the period. Metis Global Partners LLC’s holdings in Kimberly-Clark were worth $2,043,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMB. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group reduced their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $149.93.

Get Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Trading Up 1.8 %

Shares of Kimberly-Clark stock opened at $134.08 on Friday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a market capitalization of $44.71 billion, a P/E ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40. The company’s fifty day moving average is $139.75 and its two-hundred day moving average is $139.13.

Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) 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 the consensus estimate of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Kimberly-Clark Company Profile

(Free Report)

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.

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