Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Kerusso Capital Management LLC

Kerusso Capital Management LLC lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,540 shares of the company’s stock after purchasing an additional 1,248 shares during the quarter. Kimberly-Clark comprises approximately 1.9% of Kerusso Capital Management LLC’s holdings, making the stock its 24th largest holding. Kerusso Capital Management LLC’s holdings in Kimberly-Clark were worth $2,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Vest Financial LLC raised its stake in shares of Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $14,751,000. Swedbank AB grew its holdings in Kimberly-Clark by 4.0% during the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares in the last quarter. Finally, PGGM Investments lifted its holdings in Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after buying an additional 11,882 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 1.0 %

Shares of NYSE KMB traded up $1.36 during mid-day trading on Friday, hitting $133.61. 1,703,481 shares of the company traded hands, compared to its average volume of 2,159,661. The business has a 50 day moving average of $140.93 and a two-hundred day moving average of $139.24. The stock has a market capitalization of $44.56 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.77 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. 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 (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. UBS Group decreased their target price 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 dropped their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, TD Cowen assumed coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $149.93.

About Kimberly-Clark

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.