Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Kimberly-Clark Corporation $KMB

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 7.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 227,239 shares of the company’s stock after selling 17,123 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kimberly-Clark were worth $29,296,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Financial Network Wealth Advisors LLC raised its position in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new position in Kimberly-Clark in the second quarter worth about $25,000. Princeton Global Asset Management LLC increased its stake in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Elequin Capital LP purchased a new stake in Kimberly-Clark during the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KMB shares. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. TD Cowen reduced their target price on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Morgan Stanley cut their price target on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $128.91.

Kimberly-Clark Trading Up 0.3%

NASDAQ KMB opened at $104.45 on Friday. The stock has a market cap of $34.66 billion, a PE ratio of 14.39, a PEG ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The company’s 50-day moving average price is $119.09 and its 200-day moving average price is $127.84. 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 (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

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.