Patten & Patten Inc. TN Sells 553 Shares of Kimberly-Clark Co. (NYSE:KMB)

Patten & Patten Inc. TN reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,215 shares of the company’s stock after selling 553 shares during the quarter. Patten & Patten Inc. TN’s holdings in Kimberly-Clark were worth $1,738,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the second quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 0.2 %

Shares of NYSE:KMB opened at $133.28 on Tuesday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock’s fifty day moving average price is $140.93 and its 200-day moving average price is $139.27. The company has a market cap of $44.45 billion, a P/E ratio of 17.29, a PEG ratio of 2.81 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company dropped their price target on 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.93.

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.