Versor Investments LP Makes New $2.28 Million Investment in Kimberly-Clark Co. (NYSE:KMB)

Versor Investments LP purchased a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,053 shares of the company's stock, valued at approximately $2,284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the 2nd quarter worth $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the second quarter worth about $28,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark in the 1st quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted 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 valued at $32,000 after acquiring an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in Kimberly-Clark during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB traded down $0.33 during trading hours on Monday, hitting $133.28. The company had a trading volume of 1,569,784 shares, compared to its average volume of 2,108,736. The firm has a market cap of $44.45 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.81 and a beta of 0.40. 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 business has a fifty day moving average of $140.93 and a 200-day moving average of $139.27. 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 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 firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $1.74 earnings per share. Equities analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a report on Tuesday, October 8th. Argus upgraded Kimberly-Clark to a "hold" rating in a report on Friday, July 26th. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a "buy" rating and a $161.00 target price on the stock. JPMorgan Chase & Co. reduced their price target 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. Finally, Wells Fargo & Company dropped their price objective on 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. 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. According to data from 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.