Gamble Jones Investment Counsel reduced its position in shares of Kimberly Clark Corp (NYSE:KMB) by 9.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,883 shares of the company’s stock after selling 1,490 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Kimberly Clark were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its position in shares of Kimberly Clark by 2.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock worth $1,844,000 after buying an additional 300 shares during the period. Eaton Vance Management grew its position in shares of Kimberly Clark by 38.0% in the 2nd quarter. Eaton Vance Management now owns 126,822 shares of the company’s stock valued at $16,903,000 after purchasing an additional 34,895 shares during the period. Advisor Partners LLC grew its position in shares of Kimberly Clark by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 12,634 shares of the company’s stock valued at $1,684,000 after purchasing an additional 318 shares during the period. Beaumont Financial Partners LLC grew its position in shares of Kimberly Clark by 7.8% in the 2nd quarter. Beaumont Financial Partners LLC now owns 6,772 shares of the company’s stock valued at $903,000 after purchasing an additional 489 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Kimberly Clark in the 2nd quarter valued at approximately $222,000. 72.31% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the sale, the senior vice president now owns 17,304 shares in the company, valued at approximately $2,442,805.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.85% of the company’s stock.
Several equities analysts recently issued reports on KMB shares. Morgan Stanley decreased their price objective on Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Co upped their price target on Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 15th. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised 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. Finally, Deutsche Bank raised Kimberly Clark from a “sell” rating to a “hold” rating and upped their price target for the stock from $123.00 to $124.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $139.33.
Shares of Kimberly Clark stock traded down $0.30 on Friday, reaching $131.46. 1,075,695 shares of the company were exchanged, compared to its average volume of 1,738,013. Kimberly Clark Corp has a one year low of $106.59 and a one year high of $143.50. The company has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.47 and a beta of 0.52. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. The company has a 50-day moving average of $136.20 and a 200 day moving average of $134.85.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.04. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Kimberly Clark Corp will post 6.85 earnings per share for the current year.
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.
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