Keybank National Association OH decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,998 shares of the company’s stock after selling 6,429 shares during the quarter. Keybank National Association OH owned about 0.05% of Kimberly Clark worth $26,705,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Neville Rodie & Shaw Inc. boosted its holdings in Kimberly Clark by 1.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 15,760 shares of the company’s stock valued at $2,100,000 after purchasing an additional 199 shares during the period. Thomasville National Bank lifted its holdings in shares of Kimberly Clark by 3.5% during the 2nd quarter. Thomasville National Bank now owns 6,561 shares of the company’s stock worth $874,000 after acquiring an additional 224 shares during the period. Private Trust Co. NA lifted its holdings in shares of Kimberly Clark by 4.3% during the 2nd quarter. Private Trust Co. NA now owns 5,703 shares of the company’s stock worth $759,000 after acquiring an additional 237 shares during the period. Private Asset Management Inc. lifted its holdings in shares of Kimberly Clark by 4.4% during the 2nd quarter. Private Asset Management Inc. now owns 2,583 shares of the company’s stock worth $344,000 after acquiring an additional 110 shares during the period. Finally, ELM Advisors LLC increased its position in Kimberly Clark by 3.4% during the 2nd quarter. ELM Advisors LLC now owns 3,077 shares of the company’s stock worth $410,000 after purchasing an additional 100 shares in the last quarter. 72.31% of the stock is owned by institutional investors.
KMB has been the subject of a number of research analyst reports. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, September 27th. Barclays upgraded shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $144.00 to $152.00 in a research report on Monday, September 23rd. Deutsche Bank upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and upped their price objective for the stock from $123.00 to $124.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $139.33.
In related news, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the transaction, the senior vice president now directly owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by corporate insiders.
Shares of NYSE:KMB traded down $0.61 during trading on Friday, reaching $131.15. The stock had a trading volume of 781,035 shares, compared to its average volume of 1,751,453. The stock has a market cap of $44.69 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 3.47 and a beta of 0.52. Kimberly Clark Corp has a 52 week low of $106.43 and a 52 week high of $143.50. The firm’s fifty day moving average is $136.27 and its 200 day moving average is $134.81. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.48 and a current ratio of 0.75.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.04. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.66 billion. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. Kimberly Clark’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 earnings per share. On average, research analysts forecast that Kimberly Clark Corp will post 6.85 earnings per share for the current fiscal year.
About Kimberly Clark
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.
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