King Luther Capital Management Corp Has $97.04 Million Stock Holdings in Kimberly-Clark Corporation $KMB

King Luther Capital Management Corp decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 780,455 shares of the company’s stock after selling 21,670 shares during the period. King Luther Capital Management Corp owned approximately 0.24% of Kimberly-Clark worth $97,042,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KMB. Brighton Jones LLC raised its position in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the period. International Assets Investment Management LLC raised its holdings in Kimberly-Clark by 55.8% during the 2nd quarter. International Assets Investment Management LLC now owns 3,400 shares of the company’s stock worth $438,000 after buying an additional 1,218 shares during the period. Princeton Global Asset Management LLC lifted its stake in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Kimberly-Clark by 2.8% in the second quarter. Avidian Wealth Enterprises LLC now owns 6,510 shares of the company’s stock valued at $839,000 after buying an additional 177 shares during the period. Finally, Phoenix Financial Ltd. bought a new stake in shares of Kimberly-Clark during the second quarter worth $531,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMB. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup cut their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Finally, Morgan Stanley lowered their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $119.00.

Kimberly-Clark Stock Up 2.2%

Shares of KMB stock opened at $109.90 on Thursday. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 4.22 and a beta of 0.26. The firm’s 50-day moving average is $101.83 and its 200-day moving average is $113.40. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $1.28 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.