New York State Common Retirement Fund Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

New York State Common Retirement Fund cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,802 shares of the company’s stock after selling 30,378 shares during the period. New York State Common Retirement Fund’s holdings in Kimberly-Clark were worth $58,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional lifted its holdings in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after purchasing an additional 71 shares in the last quarter. Wesbanco Bank Inc. increased its position in 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 purchasing an additional 71 shares during the last quarter. My Legacy Advisors LLC increased its position in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares during the last quarter. Connecticut Wealth Management LLC increased its position in Kimberly-Clark by 4.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after purchasing an additional 77 shares during the last quarter. Finally, Equitable Trust Co. increased its position in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after purchasing an additional 80 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMB. UBS Group cut their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company lowered their target price 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. TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Price Performance

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

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the firm earned $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

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.