Fort L.P. Cuts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Fort L.P. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,833 shares of the company’s stock after selling 75 shares during the period. Fort L.P.’s holdings in Kimberly-Clark were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $26,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its position in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Kimberly-Clark in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $0.43 during midday trading on Friday, hitting $134.61. The company had a trading volume of 1,678,234 shares, compared to its average volume of 2,136,683. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market cap of $44.89 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.82 and a beta of 0.40. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a fifty day moving average of $142.00 and a two-hundred day moving average of $139.10.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMB shares. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lowered their price objective 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. Finally, Argus raised 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 issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.