Garrison Asset Management LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Garrison Asset Management LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,920 shares of the company’s stock after selling 354 shares during the quarter. Garrison Asset Management LLC’s holdings in Kimberly-Clark were worth $2,123,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CX Institutional lifted its position in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after acquiring an additional 71 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares during the last quarter. My Legacy Advisors LLC boosted its position in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the period. 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 buying an additional 80 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its holdings in Kimberly-Clark by 1.6% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after purchasing an additional 81 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMB shares. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. TD Cowen began 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. Piper Sandler raised their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company dropped their target price 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, UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.41 during mid-day trading on Monday, hitting $135.02. The company’s stock had a trading volume of 142,636 shares, compared to its average volume of 2,110,357. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The stock’s 50-day moving average is $142.00 and its two-hundred day moving average is $139.20. The firm has a market capitalization of $45.03 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (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 company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current year.

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.