Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Coastline Trust Co

Coastline Trust Co lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,320 shares of the company’s stock after selling 1,015 shares during the quarter. Coastline Trust Co’s holdings in Kimberly-Clark were worth $330,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in Kimberly-Clark by 10.5% in the first quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company’s stock valued at $3,063,000 after acquiring an additional 2,246 shares during the last quarter. First Foundation Advisors grew its position in shares of Kimberly-Clark by 7.9% during the first quarter. First Foundation Advisors now owns 1,403 shares of the company’s stock worth $181,000 after buying an additional 103 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Kimberly-Clark by 4.5% in the 1st quarter. Jacobi Capital Management LLC now owns 10,467 shares of the company’s stock worth $1,354,000 after purchasing an additional 448 shares during the last quarter. Rockport Wealth LLC bought a new stake in Kimberly-Clark in the first quarter valued at about $415,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Kimberly-Clark by 3.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,494 shares of the company’s stock valued at $8,989,000 after acquiring an additional 2,465 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

KMB opened at $134.08 on Friday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm 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 stock has a fifty day moving average of $139.49 and a 200-day moving average of $139.13.

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 firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business 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. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark’s payout ratio is 63.29%.

Analysts Set New Price Targets

Several brokerages have weighed in on KMB. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.93.

About Kimberly-Clark

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.