Bridges Investment Counsel Inc. cut its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 52.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,658 shares of the company’s stock after selling 5,187 shares during the quarter. Bridges Investment Counsel Inc.’s holdings in Kimberly Clark were worth $548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Kimberly Clark by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after purchasing an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Kimberly Clark by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after purchasing an additional 1,514,722 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Kimberly Clark by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Kimberly Clark by 83.7% in the second quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after purchasing an additional 645,881 shares during the last quarter. 71.61% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly Clark Corp (KMB) traded down $1.62 on Tuesday, hitting $118.49. 2,048,800 shares of the company traded hands, compared to its average volume of 1,817,308. Kimberly Clark Corp has a 52-week low of $109.67 and a 52-week high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The firm has a market cap of $42,242.54, a P/E ratio of 19.66, a PEG ratio of 3.12 and a beta of 0.76.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. sell-side analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.27%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.

KMB has been the topic of several recent research reports. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the company from $112.05 to $144.00 in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, September 8th. Finally, Jefferies Group reiterated a “hold” rating and issued a $119.00 price objective on shares of Kimberly Clark in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.36.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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