QRG Capital Management Inc. Has $10.74 Million Stake in Kimberly-Clark Corporation $KMB

QRG Capital Management Inc. cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 52.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,337 shares of the company’s stock after selling 95,408 shares during the quarter. QRG Capital Management Inc.’s holdings in Kimberly-Clark were worth $10,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Empirical Finance LLC lifted its position in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after purchasing an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. lifted its holdings in Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after buying an additional 81 shares in the last quarter. TFB Advisors LLC boosted its position in Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after buying an additional 82 shares during the last quarter. Finally, Crews Bank & Trust increased its stake in shares of Kimberly-Clark by 2.7% in the 2nd quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock valued at $432,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.1%

Kimberly-Clark stock opened at $99.32 on Friday. The company has a 50 day moving average of $102.45 and a 200-day moving average of $117.49. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The stock has a market capitalization of $32.96 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 3.81 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the firm posted $1.83 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.1%. Kimberly-Clark’s payout ratio is presently 85.28%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BNP Paribas reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Barclays set a $102.00 target price on shares of Kimberly-Clark in a report on Friday. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.69.

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.