Van ECK Associates Corp Has $480,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Van ECK Associates Corp reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,508 shares of the company’s stock after selling 408 shares during the quarter. Van ECK Associates Corp’s holdings in Kimberly-Clark were worth $480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at $26,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on KMB. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Trading Down 0.8 %

NYSE KMB opened at $132.13 on Wednesday. The business’s fifty day moving average is $140.71 and its 200-day moving average is $139.25. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current year.

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.