Kimberly-Clark Co. (NYSE:KMB) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,266 shares of the company’s stock after selling 4,788 shares during the quarter. US Bancorp DE’s holdings in Kimberly-Clark were worth $40,730,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at $26,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.2 %

Kimberly-Clark stock opened at $134.18 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm’s 50-day moving average is $142.18 and its 200-day moving average is $138.94. The company has a market cap of $44.75 billion, a P/E ratio of 17.40, a PEG ratio of 2.82 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Profile

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