Accredited Investors Inc. Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Accredited Investors Inc. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.3% in the 3rd quarter, Holdings Channel reports. The fund owned 2,066 shares of the company’s stock after selling 138 shares during the quarter. Accredited Investors Inc.’s holdings in Kimberly-Clark were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its holdings in shares of Kimberly-Clark by 10.5% in the first quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company’s stock valued at $3,063,000 after purchasing an additional 2,246 shares during the last quarter. First Foundation Advisors raised its holdings in shares of Kimberly-Clark by 7.9% during the 1st quarter. First Foundation Advisors now owns 1,403 shares of the company’s stock worth $181,000 after acquiring an additional 103 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Kimberly-Clark by 4.5% during the 1st quarter. Jacobi Capital Management LLC now owns 10,467 shares of the company’s stock valued at $1,354,000 after acquiring an additional 448 shares during the last quarter. Rockport Wealth LLC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at about $415,000. Finally, O Shaughnessy Asset Management LLC increased its position in Kimberly-Clark by 3.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 69,494 shares of the company’s stock worth $8,989,000 after purchasing an additional 2,465 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $134.08 on Friday. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a fifty day simple moving average of $139.49 and a two-hundred day simple moving average of $139.13. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate 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%. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share 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. Investors of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

Several research firms have weighed in on KMB. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group decreased their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company 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.