Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.4% in the third quarter, Holdings Channel reports. The firm owned 5,880 shares of the company’s stock after selling 338 shares during the period. Hamel Associates Inc.’s holdings in Kimberly-Clark were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CX Institutional increased its position in shares of Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after acquiring an additional 71 shares in the last quarter. Wesbanco Bank Inc. raised its position in Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares during the period. My Legacy Advisors LLC lifted its stake in shares of Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares in the last quarter. Graypoint LLC boosted its position in shares of Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after buying an additional 78 shares during the period. Finally, Equitable Trust Co. grew its stake in shares of Kimberly-Clark by 0.9% in the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KMB shares. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, TD Cowen assumed coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $132.13 on Wednesday. The company has a market cap of $44.06 billion, a PE ratio of 17.14, a P/E/G ratio of 2.80 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The firm has a 50-day simple moving average of $140.71 and a 200 day simple moving average of $139.25. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. On average, sell-side 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.