Meyer Handelman Co. decreased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,814 shares of the company’s stock after selling 63,600 shares during the quarter. Kimberly Clark makes up 2.6% of Meyer Handelman Co.’s holdings, making the stock its 5th largest holding. Meyer Handelman Co. owned about 0.14% of Kimberly Clark worth $57,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Heritage Trust Co boosted its position in Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares in the last quarter. Armbruster Capital Management Inc. boosted its position in Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after purchasing an additional 300 shares in the last quarter. 71.61% of the stock is currently owned by institutional investors and hedge funds.

Kimberly Clark Corp (NYSE:KMB) opened at $118.51 on Friday. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 month high of $136.21. The stock has a market capitalization of $41,686.72, a PE ratio of 19.40, a PEG ratio of 3.08 and a beta of 0.76. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. Kimberly Clark’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. research analysts anticipate that Kimberly Clark Corp will post 6.21 EPS 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. This represents a $3.88 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Macquarie assumed coverage on Kimberly Clark in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 price target for the company. Jefferies Group reiterated a “hold” rating and issued a $119.00 price target on shares of Kimberly Clark in a research note on Thursday, September 7th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research note on Monday, December 11th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $126.00.

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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.

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

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