Equitable Trust Co. Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Equitable Trust Co. boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,366 shares of the company’s stock after buying an additional 300 shares during the quarter. Equitable Trust Co.’s holdings in Kimberly-Clark were worth $1,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at approximately $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. raised 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 valued at $32,000 after purchasing an additional 202 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $133.61 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a 50 day moving average of $140.93 and a two-hundred day moving average of $139.24. The stock has a market cap of $44.56 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data 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 company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on KMB shares. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. 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 began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company 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.