Citigroup Inc. Has $51.87 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Citigroup Inc. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,588 shares of the company’s stock after selling 5,624 shares during the quarter. Citigroup Inc.’s holdings in Kimberly-Clark were worth $51,874,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter valued at $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter valued at about $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the third quarter worth about $36,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

NYSE KMB opened at $138.42 on Friday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a 50 day moving average of $138.72 and a 200-day moving average of $139.15. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market cap of $46.16 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.88 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.74 EPS. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

Several equities analysts have commented on KMB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays upped their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. UBS Group dropped their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.93.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

About Kimberly-Clark

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.