Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,244 shares of the company’s stock after selling 1,637 shares during the quarter. Kimberly-Clark accounts for approximately 0.8% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 28th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Kimberly-Clark were worth $41,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after buying an additional 69,794 shares during the period. Vest Financial LLC grew its position in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after buying an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark during the second quarter worth about $14,751,000. Swedbank AB grew its position in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares during the period. Finally, PGGM Investments grew its position in Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after buying an additional 11,882 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 1.6 %

Shares of KMB traded up $2.15 on Thursday, hitting $133.79. 58,971 shares of the stock traded hands, compared to its average volume of 2,104,678. 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 firm has a market capitalization of $44.62 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock’s 50 day moving average is $141.37 and its two-hundred day moving average is $139.26.

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

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price 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.