SpiderRock Advisors LLC Sells 414 Shares of Kimberly-Clark Co. (NYSE:KMB)

SpiderRock Advisors LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,016 shares of the company’s stock after selling 414 shares during the quarter. SpiderRock Advisors LLC’s holdings in Kimberly-Clark were worth $1,425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. CWA Asset Management Group LLC acquired a new position in Kimberly-Clark in the third quarter valued at $515,000. Equitable Trust Co. increased its holdings in shares of Kimberly-Clark by 3.3% during the third quarter. Equitable Trust Co. now owns 9,366 shares of the company’s stock valued at $1,333,000 after acquiring an additional 300 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Kimberly-Clark by 135.9% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 242,779 shares of the company’s stock worth $34,543,000 after buying an additional 139,844 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Kimberly-Clark by 143.2% in the 3rd quarter. Leavell Investment Management Inc. now owns 10,659 shares of the company’s stock worth $1,529,000 after acquiring an additional 6,277 shares during the last quarter. Finally, Lakeshore Financial Planning Inc. lifted its holdings in shares of Kimberly-Clark by 6.3% in the third quarter. Lakeshore Financial Planning Inc. now owns 2,371 shares of the company’s stock valued at $337,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KMB shares. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group reduced their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price 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. Finally, Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

NYSE KMB opened at $133.61 on Monday. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. 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 twelve month low of $117.67 and a twelve month high of $149.30. The business has a 50-day moving average price of $140.93 and a 200-day moving average price of $139.26.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the company posted $1.74 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

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.