Montecito Bank & Trust Has $410,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Montecito Bank & Trust lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 21.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,885 shares of the company’s stock after selling 770 shares during the quarter. Montecito Bank & Trust’s holdings in Kimberly-Clark were worth $410,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after buying an additional 69,794 shares during the last quarter. Vest Financial LLC increased its position in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC bought a new position in Kimberly-Clark during the second quarter worth about $14,751,000. Swedbank AB increased its position in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after acquiring an additional 6,392 shares during the period. Finally, PGGM Investments increased its position in Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after acquiring an additional 11,882 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.5 %

Shares of Kimberly-Clark stock opened at $132.24 on Friday. The firm has a market capitalization of $44.10 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm’s 50 day moving average is $141.37 and its 200 day moving average is $139.26. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the firm posted $1.74 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KMB shares. Wells Fargo & Company lowered their price target on shares of 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 lowered 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 report on Wednesday, October 23rd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus 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.