Kimberly Clark Corp (NYSE:KMB) Short Interest Up 11.7% in October

Kimberly Clark Corp (NYSE:KMB) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,090,000 shares, an increase of 11.7% from the September 30th total of 7,240,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 2.4% of the shares of the stock are short sold.

KMB stock traded down $0.76 during mid-day trading on Friday, reaching $131.63. The company had a trading volume of 875,774 shares, compared to its average volume of 1,684,476. Kimberly Clark has a fifty-two week low of $106.59 and a fifty-two week high of $143.50. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.48 and a current ratio of 0.75. The firm has a fifty day simple moving average of $135.66 and a 200 day simple moving average of $135.04.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.04. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts predict that Kimberly Clark will post 6.85 earnings per share for the current year.

A number of research firms have issued reports on KMB. Bank of America raised Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Friday, September 27th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley reduced their price target on Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $144.00 to $152.00 in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $139.33.

In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the transaction, the senior vice president now directly owns 17,304 shares in the company, valued at approximately $2,442,805.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMB. Neville Rodie & Shaw Inc. raised its holdings in shares of Kimberly Clark by 1.3% in the second quarter. Neville Rodie & Shaw Inc. now owns 15,760 shares of the company’s stock worth $2,100,000 after acquiring an additional 199 shares during the last quarter. Thomasville National Bank grew its position in shares of Kimberly Clark by 3.5% in the second quarter. Thomasville National Bank now owns 6,561 shares of the company’s stock valued at $874,000 after purchasing an additional 224 shares during the last quarter. Private Trust Co. NA grew its position in shares of Kimberly Clark by 4.3% in the second quarter. Private Trust Co. NA now owns 5,703 shares of the company’s stock valued at $759,000 after purchasing an additional 237 shares during the last quarter. Private Asset Management Inc. grew its position in shares of Kimberly Clark by 4.4% in the second quarter. Private Asset Management Inc. now owns 2,583 shares of the company’s stock valued at $344,000 after purchasing an additional 110 shares during the last quarter. Finally, ELM Advisors LLC grew its position in shares of Kimberly Clark by 3.4% in the second quarter. ELM Advisors LLC now owns 3,077 shares of the company’s stock valued at $410,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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