Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Reduced by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,720 shares of the company’s stock after selling 560 shares during the period. Pinnacle Financial Partners Inc’s holdings in Kimberly-Clark were worth $1,668,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the second quarter valued at approximately $26,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the 1st quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in Kimberly-Clark in the third quarter worth $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.4 %

Shares of Kimberly-Clark stock opened at $131.68 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The firm has a market capitalization of $43.91 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.78 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company’s fifty day moving average price is $140.08 and its two-hundred day moving average price is $139.18.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.71%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Company Profile

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.