OneDigital Investment Advisors LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

OneDigital Investment Advisors LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,481 shares of the company’s stock after selling 2,085 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Kimberly-Clark were worth $2,060,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vest Financial LLC grew its stake in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $14,751,000. Swedbank AB boosted its position in shares of Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after purchasing an additional 6,392 shares during the period. PGGM Investments raised its position in shares of Kimberly-Clark by 84.6% during the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after purchasing an additional 11,882 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Kimberly-Clark by 107.8% during the 1st quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock valued at $1,569,000 after buying an additional 6,293 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 1.8 %

Shares of KMB opened at $134.08 on Friday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40. The company has a 50-day moving average of $139.49 and a 200 day moving average of $139.12. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. 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 business posted $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm 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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group cut their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average 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.