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

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

A number of other institutional investors have also modified their holdings of the stock. D Orazio & Associates Inc. purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $203,000. Arjuna Capital boosted its stake in shares of Kimberly-Clark by 44.4% during the third quarter. Arjuna Capital now owns 21,024 shares of the company’s stock valued at $2,991,000 after purchasing an additional 6,466 shares in the last quarter. Mengis Capital Management Inc. boosted its stake in shares of Kimberly-Clark by 0.4% during the third quarter. Mengis Capital Management Inc. now owns 25,656 shares of the company’s stock valued at $3,650,000 after purchasing an additional 94 shares in the last quarter. MQS Management LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at approximately $356,000. Finally, Haverford Trust Co boosted its stake in shares of Kimberly-Clark by 2.6% during the third quarter. Haverford Trust Co now owns 24,733 shares of the company’s stock valued at $3,519,000 after purchasing an additional 631 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $134.08 on Friday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40. The company’s 50-day moving average is $139.75 and its two-hundred day moving average is $139.13. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

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.