Equitable Trust Co. Buys 300 Shares of Kimberly-Clark Co. (NYSE:KMB)

Equitable Trust Co. raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,366 shares of the company’s stock after buying an additional 300 shares during the period. Equitable Trust Co.’s holdings in Kimberly-Clark were worth $1,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CX Institutional raised its holdings in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after acquiring an additional 71 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after purchasing an additional 71 shares during the period. My Legacy Advisors LLC boosted its stake in shares of Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares during the last quarter. Graypoint LLC lifted its position in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after purchasing an additional 78 shares in the last quarter. Finally, Field & Main Bank lifted its position in shares of Kimberly-Clark by 3.3% during the 2nd quarter. Field & Main Bank now owns 2,750 shares of the company’s stock valued at $380,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $133.61 on Friday. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.77 and a beta of 0.40. 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 Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company’s 50 day moving average is $140.93 and its 200 day moving average is $139.24.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm 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 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. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMB shares. TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective 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. Finally, JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.