Charter Trust Co. cut its position in Kimberly Clark Corp (NYSE:KMB) by 3.6% during the third quarter, HoldingsChannel.com reports. The firm owned 21,561 shares of the company’s stock after selling 809 shares during the period. Charter Trust Co.’s holdings in Kimberly Clark were worth $2,451,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Exchange Capital Management Inc. increased its holdings in shares of Kimberly Clark by 800.0% in the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after purchasing an additional 800 shares during the period. Braun Bostich & Associates Inc. grew its holdings in Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after acquiring an additional 956 shares during the period. Arlington Partners LLC acquired a new stake in Kimberly Clark during the third quarter worth about $114,000. Fort L.P. acquired a new stake in Kimberly Clark during the second quarter worth about $125,000. Finally, Bridgeworth LLC acquired a new stake in Kimberly Clark during the second quarter worth about $135,000. 72.10% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the company. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Goldman Sachs Group lowered Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a report on Monday, October 8th. Deutsche Bank raised their target price on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Barclays set a $104.00 target price on Kimberly Clark and gave the stock a “hold” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Kimberly Clark presently has a consensus rating of “Hold” and a consensus price target of $105.64.

Shares of KMB stock opened at $112.91 on Friday. The company has a market cap of $38.96 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.50.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.54%. Kimberly Clark’s dividend payout ratio is currently 64.21%.

In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of the 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 transaction, the vice president now owns 6,432 shares in the company, valued at $739,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was 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 in the company, valued at approximately $459,395.76. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

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Kimberly Clark Profile

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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Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

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