Montecito Bank & Trust Has $410,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Montecito Bank & Trust cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 21.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,885 shares of the company’s stock after selling 770 shares during the quarter. Montecito Bank & Trust’s holdings in Kimberly-Clark were worth $410,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Kimberly-Clark by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares during the period. Vest Financial LLC lifted its position in shares of Kimberly-Clark by 6.5% in the 3rd 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 worth approximately $14,751,000. Swedbank AB lifted its position in shares of Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after purchasing an additional 6,392 shares during the period. Finally, PGGM Investments lifted its position in shares of Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $132.24 on Friday. The firm has a market capitalization of $44.10 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The firm has a fifty day simple moving average of $141.37 and a two-hundred day simple moving average of $139.26. 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 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KMB shares. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. Finally, Wells Fargo & Company dropped 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 research report on Wednesday, July 24th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.93.

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.