Amalgamated Bank Decreases Stock Position in Kimberly-Clark Corporation $KMB

Amalgamated Bank cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,685 shares of the company’s stock after selling 2,082 shares during the quarter. Amalgamated Bank’s holdings in Kimberly-Clark were worth $8,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nwam LLC raised its stake in shares of Kimberly-Clark by 1.2% in the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after purchasing an additional 77 shares during the last quarter. TFB Advisors LLC raised its stake in shares of Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares during the last quarter. Silver Coast Investments LLC raised its stake in shares of Kimberly-Clark by 5.2% in the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after purchasing an additional 83 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Kimberly-Clark by 0.7% in the first quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after purchasing an additional 85 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Kimberly-Clark by 0.4% in the first quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock worth $3,264,000 after purchasing an additional 85 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.4%

Shares of KMB opened at $119.71 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 12 month low of $116.26 and a 12 month high of $150.45. The stock’s 50 day moving average is $123.92 and its two-hundred day moving average is $130.06. The firm has a market cap of $39.72 billion, a P/E ratio of 16.49, a PEG ratio of 3.67 and a beta of 0.30.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. Analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMB. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Barclays reduced their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.78.

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.