Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,281 shares of the company’s stock after selling 812 shares during the period. Navellier & Associates Inc.’s holdings in Kimberly-Clark were worth $2,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after acquiring an additional 944,920 shares in the last quarter. Capital World Investors lifted its stake in Kimberly-Clark by 17.8% during the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares in the last quarter. Marshall Wace LLP grew its position in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after buying an additional 503,839 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Kimberly-Clark by 32.1% in the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after buying an additional 330,327 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $136.37 on Thursday. 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. The business’s 50-day moving average price is $138.92 and its two-hundred day moving average price is $139.13. The company has a market capitalization of $45.48 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business 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%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 EPS. Analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KMB shares. Barclays lifted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. 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 MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus 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.