HM Payson & Co. Sells 622 Shares of Kimberly-Clark Co. (NYSE:KMB)

HM Payson & Co. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,641 shares of the company’s stock after selling 622 shares during the quarter. HM Payson & Co.’s holdings in Kimberly-Clark were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. CX Institutional increased its position in shares of Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after buying an additional 71 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in shares of Kimberly-Clark by 0.8% during the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after buying an additional 75 shares in the last quarter. My Legacy Advisors LLC raised its position in shares of Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after buying an additional 76 shares during the last quarter. Finally, Connecticut Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 4.6% in the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.2 %

Shares of NYSE KMB opened at $134.18 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The business’s 50 day moving average is $142.18 and its two-hundred day moving average is $138.94. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The firm has a market cap of $44.75 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.82 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (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 firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. UBS Group lowered their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen started coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. Finally, Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.