Summit Global Investments Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Summit Global Investments lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 66.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,557 shares of the company's stock after selling 18,982 shares during the quarter. Summit Global Investments' holdings in Kimberly-Clark were worth $1,360,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Lewis Asset Management LLC grew its stake in Kimberly-Clark by 7.8% during the 3rd quarter. Lewis Asset Management LLC now owns 4,945 shares of the company's stock valued at $704,000 after purchasing an additional 359 shares during the last quarter. Western Pacific Wealth Management LP grew its stake in Kimberly-Clark by 1,153.8% during the 3rd quarter. Western Pacific Wealth Management LP now owns 326 shares of the company's stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. Principal Financial Group Inc. grew its stake in Kimberly-Clark by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 416,419 shares of the company's stock valued at $59,248,000 after purchasing an additional 24,383 shares during the last quarter. Advisors Management Group Inc. ADV grew its stake in Kimberly-Clark by 31.5% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,275 shares of the company's stock valued at $466,000 after purchasing an additional 784 shares during the last quarter. Finally, Graypoint LLC grew its stake in Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company's stock valued at $756,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price objective for the company. Wells Fargo & Company dropped their price target on Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Wednesday, October 23rd. Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Finally, StockNews.com cut Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $149.93.

Kimberly-Clark Stock Up 1.0 %

Kimberly-Clark stock traded up $1.36 during midday trading on Friday, reaching $133.61. The company's stock had a trading volume of 1,703,481 shares, compared to its average volume of 2,159,661. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week 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. The company has a market cap of $44.56 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.77 and a beta of 0.40. The business has a 50-day simple moving average of $140.93 and a 200-day simple moving average of $139.24.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued 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. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal 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.