Kanawha Capital Management LLC Sells 355 Shares of Kimberly-Clark Co. (NYSE:KMB)

Kanawha Capital Management LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,652 shares of the company’s stock after selling 355 shares during the quarter. Kanawha Capital Management LLC’s holdings in Kimberly-Clark were worth $5,784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Norden Group LLC bought a new position in shares of Kimberly-Clark during the first quarter worth about $503,000. Diversify Advisory Services LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $307,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kimberly-Clark by 6.1% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,484 shares of the company’s stock valued at $1,097,000 after purchasing an additional 489 shares during the last quarter. Choreo LLC lifted its position in shares of Kimberly-Clark by 9.2% in the first quarter. Choreo LLC now owns 4,231 shares of the company’s stock worth $547,000 after purchasing an additional 355 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in Kimberly-Clark in the first quarter valued at $130,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. TD Cowen started coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Trading Up 0.3 %

KMB stock opened at $134.61 on Monday. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company’s 50-day simple moving average is $142.00 and its 200 day simple moving average is $139.20. The company has a market capitalization of $44.89 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its 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 company 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 business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.74 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

About Kimberly-Clark

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.