D.A. Davidson & CO. Has $13.98 Million Position in Kimberly-Clark Co. (NYSE:KMB)

D.A. Davidson & CO. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,230 shares of the company’s stock after selling 8,232 shares during the quarter. D.A. Davidson & CO.’s holdings in Kimberly-Clark were worth $13,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its position in shares of Kimberly-Clark by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock worth $2,241,000 after acquiring an additional 572 shares in the last quarter. Tidal Investments LLC raised its position in shares of Kimberly-Clark by 61.7% in the 1st quarter. Tidal Investments LLC now owns 38,668 shares of the company’s stock worth $4,997,000 after acquiring an additional 14,761 shares in the last quarter. Comerica Bank raised its position in shares of Kimberly-Clark by 1.3% in the 1st quarter. Comerica Bank now owns 225,864 shares of the company’s stock worth $29,215,000 after acquiring an additional 2,847 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Kimberly-Clark by 83.3% in the 1st quarter. Beacon Capital Management LLC now owns 515 shares of the company’s stock worth $67,000 after acquiring an additional 234 shares in the last quarter. Finally, XML Financial LLC raised its position in shares of Kimberly-Clark by 71.7% in the 1st quarter. XML Financial LLC now owns 3,945 shares of the company’s stock worth $510,000 after acquiring an additional 1,648 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Barclays boosted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

KMB stock opened at $139.73 on Wednesday. The company has a market capitalization of $46.60 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The business has a 50-day simple moving average of $138.58 and a two-hundred day simple moving average of $139.21.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating 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 198.59% and a net margin of 12.97%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.49%. Kimberly-Clark’s payout ratio is presently 63.29%.

Kimberly-Clark 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.