Tower Bridge Advisors Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Tower Bridge Advisors decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,355 shares of the company’s stock after selling 500 shares during the quarter. Tower Bridge Advisors’ holdings in Kimberly-Clark were worth $762,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark in the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMB. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. UBS Group decreased their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

Shares of KMB opened at $134.08 on Friday. The firm has a market cap of $44.71 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.81 and a beta of 0.40. The stock has a 50 day moving average of $139.49 and a 200-day moving average of $139.13. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.64%. Kimberly-Clark’s payout ratio is 63.29%.

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.