Kimberly-Clark Co. (NYSE:KMB) Position Reduced by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 21.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,942 shares of the company’s stock after selling 812 shares during the period. Phillips Wealth Planners LLC’s holdings in Kimberly-Clark were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KMB. Price T Rowe Associates Inc. MD grew its position in shares of Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after acquiring an additional 944,920 shares in the last quarter. Wulff Hansen & CO. lifted its stake in Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP boosted its holdings in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the period. Dimensional Fund Advisors LP increased its stake in Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Kimberly-Clark by 17.8% during the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after purchasing an additional 342,790 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KMB shares. Piper Sandler boosted their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $134.55 on Friday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market cap of $44.87 billion, a P/E ratio of 17.45, a PEG ratio of 2.82 and a beta of 0.39. The stock has a fifty day moving average price of $142.00 and a two-hundred day moving average price of $139.01. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. Research analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal 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.