Zurcher Kantonalbank Zurich Cantonalbank Has $48.89 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 48.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 343,637 shares of the company’s stock after selling 326,859 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of Kimberly-Clark worth $48,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter worth about $26,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the second quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. raised its position 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 worth $32,000 after purchasing an additional 202 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now 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 legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.20 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock’s 50-day simple moving average is $138.52 and its 200 day simple moving average is $139.21. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $46.42 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.92 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 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.74 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.51%. Kimberly-Clark’s payout ratio is currently 63.29%.

Analyst Ratings Changes

Several brokerages recently weighed in on KMB. UBS Group dropped their price target on shares of 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 raised their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.93.

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.