Prime Capital Investment Advisors LLC Sells 987 Shares of Kimberly-Clark Co. $KMB

Prime Capital Investment Advisors LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,213 shares of the company’s stock after selling 987 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Kimberly-Clark were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Kimberly-Clark by 71.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,920 shares of the company’s stock valued at $1,848,000 after purchasing an additional 5,398 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Kimberly-Clark by 19.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 5,805 shares of the company’s stock valued at $826,000 after purchasing an additional 939 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Kimberly-Clark by 6.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,005 shares of the company’s stock worth $570,000 after buying an additional 229 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Kimberly-Clark by 1.4% in the first quarter. Handelsbanken Fonder AB now owns 155,586 shares of the company’s stock worth $22,127,000 after buying an additional 2,085 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. Barclays reduced their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Evercore ISI reduced their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $138.22.

Kimberly-Clark Trading Down 0.1%

KMB opened at $119.55 on Friday. Kimberly-Clark Co. has a 52 week low of $119.36 and a 52 week high of $150.45. The stock’s fifty day moving average is $128.40 and its two-hundred day moving average is $132.22. The company has a market capitalization of $39.66 billion, a P/E ratio of 15.83, a PEG ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business posted $1.96 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

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.