Kimberly-Clark Corporation $KMB Stock: ProShare Advisors LLC Cuts Stake

ProShare Advisors LLC lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 9.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,568,814 shares of the company’s stock after selling 154,775 shares during the quarter. ProShare Advisors LLC’s holdings in Kimberly-Clark were worth $152,850,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Mystic Asset Management Inc. increased its holdings in shares of Kimberly-Clark by 0.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company’s stock worth $1,983,000 after purchasing an additional 109 shares during the period. Assetmark Inc. raised its holdings in Kimberly-Clark by 0.6% in the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after acquiring an additional 121 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Kimberly-Clark by 2.0% in the 3rd quarter. Annex Advisory Services LLC now owns 6,533 shares of the company’s stock worth $637,000 after acquiring an additional 125 shares during the period. Root Financial Partners LLC increased its position in shares of Kimberly-Clark by 17.6% during the first quarter. Root Financial Partners LLC now owns 847 shares of the company’s stock valued at $82,000 after purchasing an additional 127 shares during the period. Finally, Modera Wealth Management LLC raised its stake in shares of Kimberly-Clark by 3.9% in the third quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after purchasing an additional 129 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMB shares. Zacks Research cut Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday, October 26th. Barclays decreased their price target on shares of Kimberly-Clark from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, September 14th. Canaccord Genuity Group assumed coverage on Kimberly-Clark in a research report on Friday, October 23rd. They set a “hold” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company dropped their price objective on Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $111.56.

Kimberly-Clark Stock Down 1.9%

KMB stock opened at $107.94 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $120.09. The stock has a market capitalization of $35.90 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 5.84 and a beta of 0.25. The business’s fifty day moving average price is $102.82 and its two-hundred day moving average price is $103.02. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 6.83 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $1.28 per share. The ex-dividend date was Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.