Commonwealth Retirement Investments LLC Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Commonwealth Retirement Investments LLC decreased its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,922 shares of the company’s stock after selling 213 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Kimberly-Clark were worth $1,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atomi Financial Group Inc. increased its stake in shares of Kimberly-Clark by 16.2% in the first quarter. Atomi Financial Group Inc. now owns 2,025 shares of the company’s stock worth $262,000 after purchasing an additional 282 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kimberly-Clark by 60.4% in the first quarter. Russell Investments Group Ltd. now owns 291,881 shares of the company’s stock worth $37,695,000 after acquiring an additional 109,875 shares during the period. Bleakley Financial Group LLC grew its position in shares of Kimberly-Clark by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 10,483 shares of the company’s stock worth $1,356,000 after purchasing an additional 263 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Kimberly-Clark by 11.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 383,887 shares of the company’s stock valued at $49,656,000 after purchasing an additional 39,271 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Kimberly-Clark by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 411,709 shares of the company’s stock worth $55,260,000 after purchasing an additional 29,418 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.1 %

NYSE:KMB traded down $0.10 during midday trading on Tuesday, hitting $133.16. The stock had a trading volume of 590,896 shares, compared to its average volume of 2,101,805. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The stock has a 50-day moving average of $140.71 and a 200 day moving average of $139.25. The company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data 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. The firm 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%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMB. TD Cowen assumed coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on 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. Finally, Barclays raised their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company 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.