17,034 Kimberly-Clark Corporation $KMB Shares Sold by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services cut its Kimberly-Clark stake by 5.8%, selling 17,034 shares and ending the quarter with 275,947 shares valued at about $26.9 million.
• Analyst views are mixed, but the consensus rating remains Hold, with a consensus price target of $113.20.
• Kimberly-Clark reported quarterly EPS of $1.70, beating estimates of $1.65; revenue was $4.13 billion, down 1.2% year over year.

Commonwealth Equity Services LLC reduced its holdings in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,947 shares of the company's stock after selling 17,034 shares during the period. Commonwealth Equity Services LLC owned about 0.08% of Kimberly-Clark worth $26,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMB. Mystic Asset Management Inc. grew its stake in Kimberly-Clark by 0.5% in the third quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company's stock valued at $1,983,000 after purchasing an additional 109 shares in the last quarter. Assetmark Inc. raised its position in shares of Kimberly-Clark by 0.6% in the first quarter. Assetmark Inc. now owns 20,216 shares of the company's stock valued at $1,950,000 after purchasing an additional 121 shares during the period. Annex Advisory Services LLC lifted its stake in shares of Kimberly-Clark by 2.0% in the third quarter. Annex Advisory Services LLC now owns 6,533 shares of the company's stock worth $637,000 after buying an additional 125 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 3.9% in the third quarter. Modera Wealth Management LLC now owns 3,414 shares of the company's stock worth $333,000 after buying an additional 129 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. boosted its holdings in shares of Kimberly-Clark by 37.5% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company's stock worth $50,000 after buying an additional 141 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Kimberly-Clark in a research note on Monday, October 26th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday. Zacks Research cut shares of Kimberly-Clark from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 20th. TD Cowen lowered their price objective on shares of Kimberly-Clark from $104.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, October 13th. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $113.20.

Trending Headlines about Kimberly-Clark

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Bank of America Securities reportedly initiated a Buy rating, while Seeking Alpha highlighted an upgrade and argued short-term concerns could create a buying opportunity. Bank of America Securities rating Seeking Alpha article
• Neutral Sentiment: BNP Paribas Exane raised its target from $110 to $112 and kept a Neutral rating; Barclays raised its target from $106 to $112 and maintained Equal Weight. Both targets imply little upside from the cited share price. BNP Paribas Exane ratings Barclays ratings
• Negative Sentiment: Reports say the Kenvue deal has closed, but organic sales slipped 1.3%. The acquisition’s debt burden may also pressure the balance sheet and Kimberly-Clark’s long-running dividend increases; one report notes last year’s cash flow barely covered the payout. Kenvue deal and organic sales article Dividend and deal risk article

Kimberly-Clark Trading Up 3.2%

Shares of Kimberly-Clark stock opened at $111.93 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $116.82. The company has a 50-day simple moving average of $102.63 and a 200 day simple moving average of $103.29. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $37.23 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 6.28 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.13 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts expect that Kimberly-Clark Corporation will post 7.38 earnings per share for the current fiscal year.

Kimberly-Clark Profile

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