31,462 Kimberly-Clark Corporation $KMB Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 34.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 59,599 shares of the company’s stock after selling 31,462 shares during the quarter. D.A. Davidson & CO.’s holdings in Kimberly-Clark were worth $5,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Redmond Asset Management LLC bought a new position in Kimberly-Clark in the 3rd quarter valued at approximately $1,352,000. North Dakota State Investment Board raised its position in Kimberly-Clark by 2.4% in the third quarter. North Dakota State Investment Board now owns 10,115 shares of the company’s stock valued at $986,000 after purchasing an additional 234 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Kimberly-Clark by 1.9% during the third quarter. Asset Management One Co. Ltd. now owns 185,474 shares of the company’s stock worth $18,071,000 after purchasing an additional 3,393 shares during the last quarter. John Boyer Inc. acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $28,000. Finally, MADDEN SECURITIES Corp raised its holdings in Kimberly-Clark by 11.0% in the 3rd quarter. MADDEN SECURITIES Corp now owns 9,115 shares of the company’s stock valued at $888,000 after buying an additional 905 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. TD Cowen decreased their price target on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. DA Davidson boosted their price objective on Kimberly-Clark from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group assumed coverage on Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 target price for the company. Finally, Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.56.

Kimberly-Clark Trading Down 1.9%

KMB opened at $107.94 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $120.09. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company’s 50-day moving average is $102.82 and its 200 day moving average is $103.02. The firm has a market capitalization of $35.90 billion, a PE ratio of 18.36, a P/E/G ratio of 5.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. As a group, research analysts predict that Kimberly-Clark Corporation will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $1.28 per share. The ex-dividend date was Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.