Kimberly-Clark Co. (NYSE:KMB) Stock Position Lessened by Linscomb Wealth Inc.

Linscomb Wealth Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,866 shares of the company’s stock after selling 156 shares during the quarter. Linscomb Wealth Inc.’s holdings in Kimberly-Clark were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMB. Simplify Asset Management Inc. acquired a new stake in Kimberly-Clark in the third quarter worth approximately $2,696,000. Empowered Funds LLC lifted its holdings in shares of Kimberly-Clark by 40.2% in the third quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock valued at $7,686,000 after buying an additional 15,482 shares during the period. Empirical Finance LLC lifted its holdings in shares of Kimberly-Clark by 2.3% in the third quarter. Empirical Finance LLC now owns 11,690 shares of the company’s stock valued at $1,663,000 after buying an additional 259 shares during the period. Intellectus Partners LLC boosted its stake in Kimberly-Clark by 5.5% during the third quarter. Intellectus Partners LLC now owns 7,144 shares of the company’s stock valued at $1,025,000 after buying an additional 372 shares in the last quarter. Finally, ING Groep NV grew its holdings in Kimberly-Clark by 0.5% during the third quarter. ING Groep NV now owns 73,018 shares of the company’s stock worth $10,389,000 after acquiring an additional 340 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $134.08 on Friday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The business’s 50 day moving average price is $139.49 and its two-hundred day moving average price is $139.12. 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 company has a market cap of $44.71 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 yield of 3.64%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays upped their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.93.

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.