Murphy Pohlad Asset Management LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Murphy Pohlad Asset Management LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,622 shares of the company’s stock after selling 150 shares during the quarter. Kimberly-Clark makes up about 1.3% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Kimberly-Clark were worth $3,219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Price T Rowe Associates Inc. MD boosted its stake in Kimberly-Clark by 19.1% during 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 purchasing an additional 944,920 shares during the last quarter. Capital World Investors raised its holdings in Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after buying an additional 342,790 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 worth $267,383,000 after purchasing an additional 354,501 shares during the period. Nordea Investment Management AB increased its stake in Kimberly-Clark by 2.9% during the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares during the period. Finally, Marshall Wace LLP increased its stake in Kimberly-Clark by 48.4% during 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. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.3 %

Shares of Kimberly-Clark stock opened at $134.55 on Friday. The firm has a market capitalization of $44.87 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.82 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. 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 stock’s fifty day moving average is $142.00 and its 200-day moving average is $139.01.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMB shares. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.