Hartford Financial Management Inc. Sells 169 Shares of Kimberly-Clark Co. (NYSE:KMB)

Hartford Financial Management Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,279 shares of the company’s stock after selling 169 shares during the period. Hartford Financial Management Inc.’s holdings in Kimberly-Clark were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the second quarter worth about $26,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the second quarter worth about $28,000. Crewe Advisors LLC bought a new position in Kimberly-Clark during the first quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Kimberly-Clark during the third quarter worth about $39,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMB. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays lifted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Argus upgraded Kimberly-Clark to a “hold” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Down 0.2 %

KMB stock opened at $134.18 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. The firm has a market capitalization of $44.75 billion, a PE ratio of 17.40, a PEG ratio of 2.82 and a beta of 0.39. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The business’s 50 day simple moving average is $142.18 and its 200 day simple moving average is $138.94.

Kimberly-Clark (NYSE:KMB) last released 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. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current year.

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.