Kimberly Clark Corp (NYSE:KMB) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI decreased its stake in Kimberly Clark Corp (NYSE:KMB) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,259 shares of the company’s stock after selling 1,174 shares during the period. Kimberly Clark makes up 2.7% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 6th largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Kimberly Clark were worth $21,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Kimberly Clark by 9.5% in the third quarter. First Trust Advisors LP now owns 297,850 shares of the company’s stock valued at $42,310,000 after buying an additional 25,860 shares during the last quarter. Unigestion Holding SA raised its position in shares of Kimberly Clark by 42.8% in the third quarter. Unigestion Holding SA now owns 36,379 shares of the company’s stock valued at $5,168,000 after buying an additional 10,906 shares during the last quarter. Haverford Trust Co. raised its position in shares of Kimberly Clark by 0.5% in the third quarter. Haverford Trust Co. now owns 254,199 shares of the company’s stock valued at $36,109,000 after buying an additional 1,142 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Kimberly Clark by 7.5% in the third quarter. Daiwa Securities Group Inc. now owns 14,877 shares of the company’s stock valued at $2,113,000 after buying an additional 1,040 shares during the last quarter. Finally, Appleton Partners Inc. MA acquired a new position in shares of Kimberly Clark in the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.

KMB traded down $0.30 during trading on Friday, hitting $131.46. 1,090,752 shares of the company’s stock were exchanged, compared to its average volume of 1,738,013. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. Kimberly Clark Corp has a 1 year low of $106.59 and a 1 year high of $143.50. The stock has a 50 day moving average price of $136.27 and a 200 day moving average price of $134.81. The firm has a market cap of $44.69 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.52.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the firm earned $1.71 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts forecast that Kimberly Clark Corp will post 6.85 earnings per share for the current fiscal year.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.85% of the stock is owned by insiders.

KMB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price for the company in a report on Monday, September 30th. Barclays upgraded shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $152.00 in a report on Monday, September 23rd. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Friday, September 27th. Wells Fargo & Co boosted their target price on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and boosted their target price for the company from $123.00 to $124.00 in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Kimberly Clark has a consensus rating of “Hold” and an average price target of $139.33.

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

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

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply