Curi RMB Capital LLC Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

Curi RMB Capital LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 85.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,453 shares of the company’s stock after selling 25,574 shares during the period. Curi RMB Capital LLC’s holdings in Kimberly-Clark were worth $634,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $27,000. New Millennium Group LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $134.08 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a 50 day moving average price of $139.75 and a 200 day moving average price of $139.13. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.64%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMB. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. TD Cowen began coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $149.93.

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.