Murphy Pohlad Asset Management LLC Sells 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Murphy Pohlad Asset Management LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 0.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,622 shares of the company’s stock after selling 150 shares during the period. Kimberly-Clark accounts for approximately 1.3% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Kimberly-Clark were worth $3,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC grew its stake in shares of Kimberly-Clark by 31.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,291 shares of the company’s stock worth $468,000 after purchasing an additional 779 shares during the period. Human Investing LLC lifted its holdings in shares of Kimberly-Clark by 3.6% in the third quarter. Human Investing LLC now owns 3,066 shares of the company’s stock valued at $436,000 after purchasing an additional 107 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the third quarter valued at about $47,000. IRON Financial LLC bought a new stake in Kimberly-Clark during the third quarter worth about $802,000. Finally, AustralianSuper Pty Ltd bought a new stake in Kimberly-Clark during the third quarter worth about $3,540,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. Wells Fargo & Company decreased their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. UBS Group dropped their price target on 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 raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Up 0.3 %

Shares of Kimberly-Clark stock opened at $134.55 on Friday. The company has a market cap of $44.87 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.82 and a beta of 0.39. The company’s 50 day moving average is $142.00 and its 200 day moving average is $139.01. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. 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 released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current year.

About Kimberly-Clark

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.