Kimberly-Clark Corporation $KMB Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 802,125 shares of the company’s stock after selling 17,619 shares during the period. King Luther Capital Management Corp owned approximately 0.24% of Kimberly-Clark worth $103,410,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nuance Investments LLC boosted its stake in shares of Kimberly-Clark by 35.1% during the 2nd quarter. Nuance Investments LLC now owns 149,384 shares of the company’s stock worth $19,259,000 after acquiring an additional 38,789 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of Kimberly-Clark by 5,204.3% during the second quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after purchasing an additional 31,486 shares during the last quarter. Midwest Trust Co acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $4,227,000. FDx Advisors Inc. increased its stake in Kimberly-Clark by 48.9% in the 2nd quarter. FDx Advisors Inc. now owns 2,627 shares of the company’s stock worth $339,000 after purchasing an additional 863 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Kimberly-Clark by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 992,379 shares of the company’s stock worth $127,919,000 after buying an additional 264,806 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $103.85 on Friday. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The business’s 50-day moving average price is $121.10 and its two-hundred day moving average price is $128.62. The company has a market capitalization of $34.46 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26.

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

Analyst Ratings Changes

A number of research firms recently commented on KMB. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Piper Sandler lowered their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday. Finally, Barclays set a $132.00 price objective on Kimberly-Clark in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $129.80.

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.