Verdence Capital Advisors LLC Has $490,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Verdence Capital Advisors LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 58.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,447 shares of the company's stock after selling 4,848 shares during the quarter. Verdence Capital Advisors LLC's holdings in Kimberly-Clark were worth $490,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KMB. Atomi Financial Group Inc. grew its position in Kimberly-Clark by 16.2% in the first quarter. Atomi Financial Group Inc. now owns 2,025 shares of the company's stock valued at $262,000 after acquiring an additional 282 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Kimberly-Clark by 60.4% in the first quarter. Russell Investments Group Ltd. now owns 291,881 shares of the company's stock valued at $37,695,000 after buying an additional 109,875 shares during the period. Bleakley Financial Group LLC lifted its stake in Kimberly-Clark by 2.6% in the first quarter. Bleakley Financial Group LLC now owns 10,483 shares of the company's stock valued at $1,356,000 after buying an additional 263 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Kimberly-Clark by 11.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 383,887 shares of the company's stock worth $49,656,000 after purchasing an additional 39,271 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Kimberly-Clark by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 411,709 shares of the company's stock worth $55,260,000 after purchasing an additional 29,418 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $1.13 during trading on Tuesday, reaching $132.13. 2,525,037 shares of the company's stock traded hands, compared to its average volume of 2,110,633. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a 50 day moving average of $140.71 and a 200-day moving average of $139.25. The stock has a market capitalization of $44.06 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share 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%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group lowered their price target 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. TD Cowen assumed coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 24th. Finally, Argus upgraded Kimberly-Clark to a "hold" rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average 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.