Independent Advisor Alliance Has $1.48 Million Position in Kimberly Clark Corp (KMB)

Independent Advisor Alliance cut its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,172 shares of the company’s stock after selling 699 shares during the period. Independent Advisor Alliance’s holdings in Kimberly Clark were worth $1,475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Exchange Capital Management Inc. boosted its holdings in Kimberly Clark by 800.0% in the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after purchasing an additional 800 shares during the period. Braun Bostich & Associates Inc. boosted its holdings in Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after purchasing an additional 956 shares during the period. Arlington Partners LLC bought a new position in Kimberly Clark in the 3rd quarter valued at $114,000. Fort L.P. bought a new position in Kimberly Clark in the 2nd quarter valued at $125,000. Finally, Bridgeworth LLC bought a new position in Kimberly Clark in the 2nd quarter valued at $135,000. 73.38% of the stock is owned by institutional investors.

Kimberly Clark stock opened at $112.82 on Monday. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75. The firm has a market cap of $39.07 billion, a PE ratio of 18.11, a P/E/G ratio of 2.74 and a beta of 0.67. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.60 EPS. As a group, equities analysts forecast that Kimberly Clark Corp will post 6.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 7th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, December 6th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.21%.

Several brokerages have commented on KMB. Morgan Stanley raised their price target on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a report on Friday, August 31st. Citigroup raised their price target on shares of Kimberly Clark from $93.00 to $95.00 and gave the company a “sell” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and cut their price target for the company from $90.00 to $86.00 in a report on Thursday, August 16th. Deutsche Bank raised their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Finally, ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.64.

In other news, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total transaction of $111,180.00. Following the sale, the senior vice president now owns 4,132 shares in the company, valued at approximately $459,395.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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