Accident Compensation Corp decreased its position in Kimberly Clark Corp (NYSE:KMB) by 90.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,560 shares of the company’s stock after selling 14,100 shares during the quarter. Accident Compensation Corp’s holdings in Kimberly Clark were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Connors Investor Services Inc. raised its stake in shares of Kimberly Clark by 8.6% in the third quarter. Connors Investor Services Inc. now owns 63,825 shares of the company’s stock worth $7,253,000 after buying an additional 5,063 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Kimberly Clark by 7.6% in the third quarter. Riverhead Capital Management LLC now owns 61,543 shares of the company’s stock worth $6,994,000 after buying an additional 4,350 shares during the period. Cpwm LLC raised its stake in shares of Kimberly Clark by 9.7% in the third quarter. Cpwm LLC now owns 52,178 shares of the company’s stock worth $5,930,000 after buying an additional 4,608 shares during the period. U S Global Investors Inc raised its stake in shares of Kimberly Clark by 73.9% in the third quarter. U S Global Investors Inc now owns 19,825 shares of the company’s stock worth $2,253,000 after buying an additional 8,425 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Kimberly Clark by 1.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 305,230 shares of the company’s stock worth $34,686,000 after buying an additional 4,485 shares during the period. 72.10% of the stock is currently owned by institutional investors.

KMB has been the topic of several recent research reports. Morgan Stanley raised their price objective on Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, August 31st. Wells Fargo & Co raised their price objective on Kimberly Clark from $97.00 to $105.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 17th. Deutsche Bank downgraded Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price objective on the stock. in a research note on Wednesday, October 10th. Goldman Sachs Group downgraded Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price objective on the stock. in a research note on Monday, October 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Kimberly Clark in a research note on Monday, October 22nd. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $105.64.

NYSE:KMB opened at $112.51 on Thursday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77. The stock has a market cap of $39.95 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.69.

Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the business posted $1.60 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, December 6th. Kimberly Clark’s dividend payout ratio is presently 64.21%.

In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the transaction, the vice president now owns 6,432 shares in the company, valued at approximately $739,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total value of $111,180.00. Following the transaction, the senior vice president now owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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