Kennon Green & Company LLC Trims Stock Holdings in Kimberly-Clark Corporation $KMB

Kennon Green & Company LLC cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 39.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,269 shares of the company’s stock after selling 5,492 shares during the period. Kimberly-Clark comprises approximately 0.6% of Kennon Green & Company LLC’s holdings, making the stock its 29th biggest position. Kennon Green & Company LLC’s holdings in Kimberly-Clark were worth $806,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KMB. Motiv8 Investments LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Ancora Advisors LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $32,000. Clearstead Trust LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $33,000. Finally, Markowski Investments acquired a new position in Kimberly-Clark during the 2nd quarter valued at approximately $36,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KMB shares. Bank of America lowered their price objective on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 25th. TD Cowen boosted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Barclays increased their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $117.00.

Kimberly-Clark Stock Performance

KMB traded up $1.05 during trading hours on Monday, hitting $95.41. The company’s stock had a trading volume of 3,157,339 shares, compared to its average volume of 4,821,694. The company has a 50-day simple moving average of $105.11 and a 200 day simple moving average of $102.64. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $31.73 billion, a PE ratio of 16.23, a PEG ratio of 4.82 and a beta of 0.25. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $123.09.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.35 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.