WealthTrust Fairport LLC cut its position in Kimberly Clark Corp (NYSE:KMB) by 39.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,713 shares of the company’s stock after selling 1,097 shares during the quarter. WealthTrust Fairport LLC’s holdings in Kimberly Clark were worth $195,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of KMB. Exchange Capital Management Inc. raised its holdings in shares of Kimberly Clark by 800.0% during the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after purchasing an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. raised its holdings in shares of Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after purchasing an additional 956 shares during the last quarter. Arlington Partners LLC purchased a new position in shares of Kimberly Clark during the third quarter valued at approximately $114,000. Fort L.P. purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $125,000. Finally, Bridgeworth LLC purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $135,000. 74.43% of the stock is owned by institutional investors and hedge funds.
KMB has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a report on Friday, August 31st. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price objective for the company. in a report on Wednesday, October 10th. Atlantic Securities initiated coverage on shares of Kimberly Clark in a report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective for the company. Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price objective for the company. in a report on Monday, October 8th. Finally, Bank of America boosted their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $105.64.
In related news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares in the company, valued at $718,355.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.64% of the company’s stock.
Shares of NYSE KMB opened at $106.87 on Tuesday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. The company has a market cap of $36.53 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 earnings per share. Equities research analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current year.
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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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