Keudell Morrison Wealth Management Cuts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Keudell Morrison Wealth Management cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 44.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,691 shares of the company’s stock after selling 1,379 shares during the period. Keudell Morrison Wealth Management’s holdings in Kimberly-Clark were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the period. Capital World Investors increased its stake in Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Marshall Wace LLP increased its stake in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after purchasing an additional 503,839 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Kimberly-Clark by 9.8% in the first quarter. ProShare Advisors LLC now owns 1,487,835 shares of the company’s stock valued at $192,451,000 after purchasing an additional 132,576 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 0.5 %

Shares of KMB stock opened at $132.24 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The stock has a market cap of $44.10 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.81 and a beta of 0.40. The business has a fifty day simple moving average of $141.37 and a 200-day simple moving average of $139.26. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 analysts’ expectations of $5.06 billion. During the same quarter last year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

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.