Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,515 shares of the company’s stock after selling 989 shares during the period. Mutual of America Capital Management LLC’s holdings in Kimberly-Clark were worth $5,907,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter worth $26,000. Crewe Advisors LLC purchased a new stake in Kimberly-Clark during the first quarter valued at about $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark in the second quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KMB shares. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays increased their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $135.63 on Wednesday. The stock has a market capitalization of $45.23 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.81 and a beta of 0.40. The business has a 50-day moving average of $139.06 and a two-hundred day moving average of $139.15. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company earned $1.74 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. Kimberly-Clark’s payout ratio is presently 63.29%.

About Kimberly-Clark

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