Hamel Associates Inc. Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Hamel Associates Inc. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,880 shares of the company’s stock after selling 338 shares during the quarter. Hamel Associates Inc.’s holdings in Kimberly-Clark were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Atomi Financial Group Inc. boosted its position in shares of Kimberly-Clark by 16.2% during the 1st quarter. Atomi Financial Group Inc. now owns 2,025 shares of the company’s stock worth $262,000 after purchasing an additional 282 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Kimberly-Clark by 60.4% during the first quarter. Russell Investments Group Ltd. now owns 291,881 shares of the company’s stock worth $37,695,000 after buying an additional 109,875 shares in the last quarter. Bleakley Financial Group LLC grew its position in Kimberly-Clark by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 10,483 shares of the company’s stock worth $1,356,000 after buying an additional 263 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Kimberly-Clark by 11.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 383,887 shares of the company’s stock valued at $49,656,000 after buying an additional 39,271 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Kimberly-Clark by 7.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 411,709 shares of the company’s stock valued at $55,260,000 after acquiring an additional 29,418 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KMB shares. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Finally, Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

NYSE KMB opened at $132.13 on Wednesday. The business’s 50-day moving average price is $140.71 and its 200 day moving average price is $139.25. 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 company has a market capitalization of $44.06 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40.

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