Meritage Portfolio Management Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Meritage Portfolio Management lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,384 shares of the company's stock after purchasing an additional 7,560 shares during the quarter. Meritage Portfolio Management's holdings in Kimberly-Clark were worth $4,892,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in Kimberly-Clark in the first quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after buying an additional 202 shares during the period. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 1.0 %

NYSE:KMB traded up $1.36 during mid-day trading on Friday, hitting $133.61. 1,703,481 shares of the company's stock traded hands, compared to its average volume of 2,159,661. The company has a fifty day moving average of $140.93 and a 200 day moving average of $139.26. The company has a market capitalization 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 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 Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Analyst Ratings Changes

KMB has been the topic of a number of research reports. StockNews.com lowered shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.