Field & Main Bank trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,255 shares of the company’s stock after selling 175 shares during the quarter. Field & Main Bank’s holdings in Kimberly Clark were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Kimberly Clark in the 2nd quarter worth approximately $28,000. Newfound Research LLC purchased a new position in Kimberly Clark in the 3rd quarter worth approximately $28,000. Demars Financial Group LLC purchased a new position in Kimberly Clark in the 2nd quarter worth approximately $35,000. Perennial Advisors LLC purchased a new position in Kimberly Clark in the 1st quarter worth approximately $38,000. Finally, Proffitt & Goodson Inc. purchased a new position in Kimberly Clark in the 2nd quarter worth approximately $39,000. 71.39% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Kimberly Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price target for the company. in a report on Friday, October 16th. They noted that the move was a valuation call. TheStreet upgraded shares of Kimberly Clark from a “c+” rating to an “a-” rating in a report on Thursday, July 23rd. Morgan Stanley cut their price target on shares of Kimberly Clark from $160.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday. Jefferies Financial Group raised their price target on shares of Kimberly Clark from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Finally, Berenberg Bank assumed coverage on shares of Kimberly Clark in a report on Friday, October 16th. They set a “buy” rating and a $181.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $156.13.

In related news, insider Aaron Powell sold 8,663 shares of Kimberly Clark stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $151.38, for a total value of $1,311,404.94. Following the completion of the sale, the insider now owns 8,707 shares in the company, valued at approximately $1,318,065.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Kimberly Clark stock traded down $1.21 during trading on Friday, hitting $136.88. The company had a trading volume of 2,661,598 shares, compared to its average volume of 1,830,387. Kimberly Clark Corp has a 1-year low of $110.66 and a 1-year high of $160.16. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 14.59. The company’s 50 day simple moving average is $149.12 and its 200-day simple moving average is $145.12. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 3.47 and a beta of 0.50.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Thursday, October 22nd. The company reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.04). Kimberly Clark had a net margin of 13.58% and a return on equity of 1,319.56%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts forecast that Kimberly Clark Corp will post 7.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.28 annualized dividend and a yield of 3.13%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.12%.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Further Reading: Bond

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

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