OVERSEA CHINESE BANKING Corp Ltd Sells 44,218 Shares of Kimberly-Clark Co. (NYSE:KMB)

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,431 shares of the company's stock after selling 44,218 shares during the period. Kimberly-Clark makes up 1.0% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 22nd biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned 0.08% of Kimberly-Clark worth $37,481,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its position in Kimberly-Clark by 7.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,689 shares of the company's stock worth $1,948,000 after purchasing an additional 966 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Kimberly-Clark by 21.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,850 shares of the company's stock valued at $975,000 after acquiring an additional 1,213 shares during the period. Versor Investments LP bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $2,284,000. Buckingham Capital Management Inc. bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $203,000. Finally, United Capital Management of KS Inc. bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $4,444,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $0.38 on Tuesday, hitting $132.88. 846,340 shares of the company traded hands, compared to its average volume of 2,102,971. The firm's 50-day simple moving average is $140.71 and its 200 day simple moving average is $139.25. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company has a market cap of $44.31 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating 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 analyst estimates of $5.06 billion. During the same quarter last year, the firm earned $1.74 EPS. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on KMB. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a "buy" rating and a $161.00 price target on the stock. Two research 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 MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average 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.