Kimberly-Clark Corporation $KMB Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 41.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,159 shares of the company’s stock after selling 21,385 shares during the period. Oxbow Advisors LLC’s holdings in Kimberly-Clark were worth $3,750,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $25,000. Princeton Global Asset Management LLC raised its holdings in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Winnow Wealth LLC purchased a new position in Kimberly-Clark during the second quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter worth approximately $27,000. Finally, True Wealth Design LLC grew its holdings in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ KMB traded up $0.04 during trading hours on Friday, hitting $102.23. 4,245,812 shares of the company’s stock traded hands, compared to its average volume of 5,215,831. The company has a market capitalization of $33.93 billion, a PE ratio of 17.30, a PEG ratio of 3.92 and a beta of 0.26. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The firm’s 50-day moving average is $102.19 and its 200-day moving average is $116.51.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the firm posted $1.83 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMB. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 16th. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Finally, Morgan Stanley decreased their price target on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $118.33.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.