Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Simmons Bank

Simmons Bank lessened its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,789 shares of the company's stock after selling 4,430 shares during the period. Simmons Bank's holdings in Kimberly-Clark were worth $4,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth $27,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

NYSE KMB traded up $0.05 during trading hours on Wednesday, hitting $132.19. 1,494,617 shares of the stock were exchanged, compared to its average volume of 2,107,836. The company has a market cap of $44.08 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.78 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. The stock has a 50-day moving average of $140.40 and a 200 day moving average of $139.23. 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 - 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 the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMB. TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a "buy" rating and a $161.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. 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 research report on Wednesday, October 23rd. StockNews.com cut shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company reduced their price target on shares of 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target 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.