Deseret Mutual Benefit Administrators Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Deseret Mutual Benefit Administrators reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 7.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,446 shares of the company’s stock after selling 211 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Kimberly-Clark were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter worth about $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 2.4 %

KMB stock opened at $131.64 on Thursday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a market capitalization of $43.90 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The company’s 50 day moving average price is $141.37 and its two-hundred day moving average price is $139.26. 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 results on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company lowered 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 research note on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.