Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Carr Financial Group Corp

Carr Financial Group Corp increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.1% in the third quarter, Holdings Channel.com reports. The firm owned 2,783 shares of the company’s stock after purchasing an additional 231 shares during the period. Carr Financial Group Corp’s holdings in Kimberly-Clark were worth $396,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 valued at $58,738,000 after acquiring an additional 69,794 shares during the last quarter. Vest Financial LLC raised its stake 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 purchasing an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $14,751,000. Swedbank AB boosted its holdings in shares of Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares during the last quarter. Finally, PGGM Investments increased its holdings in shares of Kimberly-Clark by 84.6% during the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after buying an additional 11,882 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 1.0 %

NYSE KMB opened at $133.61 on Friday. The company has a market capitalization of $44.56 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s fifty day moving average price is $140.93 and its two-hundred day moving average price is $139.24.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. As a group, research analysts predict that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group dropped their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. 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.com, the stock has an average rating of “Hold” and an average 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.