RNC Capital Management LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Share on StockTwits

RNC Capital Management LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,120 shares of the company’s stock after selling 542 shares during the period. RNC Capital Management LLC’s holdings in Kimberly-Clark were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Simon Quick Advisors LLC grew its position in Kimberly-Clark by 673.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares in the last quarter. Newfound Research LLC purchased a new stake in Kimberly-Clark in the third quarter valued at approximately $28,000. Demars Financial Group LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $35,000. Rockbridge Investment Management LCC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $47,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Kimberly-Clark during the third quarter worth approximately $52,000. 65.21% of the stock is owned by institutional investors.

In other Kimberly-Clark news, Director Robert W. Decherd acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was acquired at an average price of $132.67 per share, with a total value of $398,010.00. Following the transaction, the director now owns 48,444 shares of the company’s stock, valued at $6,427,065.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by insiders.

Shares of KMB stock traded up $1.35 on Wednesday, reaching $131.67. 1,595,023 shares of the company’s stock traded hands, compared to its average volume of 1,959,078. Kimberly-Clark Co. has a 12-month low of $110.66 and a 12-month high of $160.16. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. The company has a market capitalization of $44.79 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 3.29 and a beta of 0.49. The business’s 50 day moving average price is $135.43 and its two-hundred day moving average price is $144.16.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Thursday, October 22nd. The company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.04). Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter last year, the firm earned $1.84 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 7.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 5th. Investors of record on Friday, December 4th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, December 3rd. This represents a $4.28 annualized dividend and a dividend yield of 3.25%. Kimberly-Clark’s dividend payout ratio is presently 62.12%.

Several analysts have weighed in on KMB shares. Barclays reissued a “buy” rating and issued a $167.00 target price on shares of Kimberly-Clark in a report on Monday, October 26th. Wells Fargo & Company initiated coverage on Kimberly-Clark in a research report on Monday, December 7th. They set an “underweight” rating and a $130.00 target price on the stock. Berenberg Bank started coverage on Kimberly-Clark in a research report on Friday, October 16th. They set a “buy” rating and a $181.00 target price on the stock. JPMorgan Chase & Co. downgraded Kimberly-Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a report on Friday, October 16th. They noted that the move was a valuation call. Finally, Morgan Stanley cut their price objective on Kimberly-Clark from $160.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, October 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $155.89.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Read More: Trading Options- What is a Strangle?

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.