Kimberly-Clark Corporation $KMB Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,568,814 shares of the company’s stock after selling 154,775 shares during the period. ProShare Advisors LLC owned about 0.47% of Kimberly-Clark worth $152,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KMB. Cidel Asset Management Inc. lifted its holdings in shares of Kimberly-Clark by 9.6% during the third quarter. Cidel Asset Management Inc. now owns 3,448 shares of the company’s stock worth $336,000 after purchasing an additional 301 shares during the period. Intrua Financial LLC grew its holdings in shares of Kimberly-Clark by 21.8% in the third quarter. Intrua Financial LLC now owns 5,193 shares of the company’s stock valued at $506,000 after acquiring an additional 930 shares in the last quarter. Americana Partners LLC boosted its stake in Kimberly-Clark by 5.6% in the third quarter. Americana Partners LLC now owns 10,057 shares of the company’s stock valued at $980,000 after acquiring an additional 536 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of Kimberly-Clark by 13.6% in the third quarter. Aprio Wealth Management LLC now owns 6,804 shares of the company’s stock valued at $663,000 after purchasing an additional 812 shares during the period. Finally, Modera Wealth Management LLC boosted its position in shares of Kimberly-Clark by 3.9% during the 3rd quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after acquiring an additional 129 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 1.9%

Shares of Kimberly-Clark stock opened at $107.94 on Friday. The company has a 50 day moving average of $102.82 and a 200 day moving average of $103.02. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $120.09. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The company has a market capitalization of $35.90 billion, a P/E ratio of 18.36, a P/E/G ratio of 5.84 and a beta of 0.25.

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

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group raised their target price on Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a research note on Wednesday. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $106.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen reduced their price target on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.56.

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.