Pacer Advisors Inc. Lowers Position in Kimberly-Clark Corporation $KMB

Pacer Advisors Inc. trimmed its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 97.9% during the third quarter, Holdings Channel.com reports. The fund owned 27,886 shares of the company’s stock after selling 1,288,090 shares during the quarter. Pacer Advisors Inc.’s holdings in Kimberly-Clark were worth $3,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares during the last quarter. Norges Bank purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $556,114,000. Federated Hermes Inc. lifted its position in shares of Kimberly-Clark by 350.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock worth $204,105,000 after buying an additional 1,231,501 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after buying an additional 975,424 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its stake in shares of Kimberly-Clark by 88.9% in the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock worth $251,274,000 after buying an additional 963,978 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BNP Paribas Exane decreased their price target on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada restated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $124.62.

Kimberly-Clark Trading Up 0.5%

Shares of Kimberly-Clark stock opened at $101.57 on Wednesday. The stock has a market capitalization of $33.71 billion, a P/E ratio of 17.19, a P/E/G ratio of 4.39 and a beta of 0.25. Kimberly-Clark Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock’s 50-day simple moving average is $105.94 and its 200 day simple moving average is $120.13.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Kimberly-Clark 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.