Fisher Asset Management LLC Sells 1,207 Shares of Kimberly-Clark Co. (NYSE:KMB)

Fisher Asset Management LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 65,880 shares of the company’s stock after selling 1,207 shares during the quarter. Fisher Asset Management LLC’s holdings in Kimberly-Clark were worth $9,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter valued at $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KMB shares. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays increased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $139.20 on Thursday. The stock’s fifty day moving average price is $138.54 and its two-hundred day moving average price is $139.21. The firm has a market cap of $46.42 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.

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.