Graypoint LLC Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Graypoint LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,315 shares of the company’s stock after buying an additional 78 shares during the quarter. Graypoint LLC’s holdings in Kimberly-Clark were worth $756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the period. Wulff Hansen & CO. lifted its holdings in Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP boosted its position 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. Dimensional Fund Advisors LP increased its stake in shares of Kimberly-Clark by 22.4% in 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 in the last quarter. Finally, Capital World Investors increased its stake in shares of Kimberly-Clark by 17.8% in 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 in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.5 %

KMB opened at $132.24 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 fifty day simple moving average is $141.37 and its 200 day simple moving average is $139.26. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $44.10 billion, a PE ratio of 17.15, a P/E/G ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced 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 return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on KMB. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. UBS Group reduced their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company cut 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 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.