TIAA Trust National Association Sells 871 Shares of Kimberly-Clark Corporation $KMB

TIAA Trust National Association reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.1% during the second quarter, HoldingsChannel.com reports. The fund owned 27,261 shares of the company’s stock after selling 871 shares during the quarter. TIAA Trust National Association’s holdings in Kimberly-Clark were worth $3,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio bought a new position in Kimberly-Clark during the 1st quarter valued at about $12,854,000. Citigroup Inc. lifted its stake in Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after purchasing an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after buying an additional 718,720 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Kimberly-Clark by 130.9% during the second quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after buying an additional 4,845 shares during the last quarter. Finally, United Community Bank lifted its stake in shares of Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock worth $2,634,000 after acquiring an additional 14,309 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on KMB shares. Citigroup cut their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. UBS Group upped their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings began coverage on shares of Kimberly-Clark in a report on Thursday, October 30th. They set a “hold (c+)” rating for the company. Barclays set a $132.00 target price on shares of Kimberly-Clark in a research note on Monday. Finally, TD Cowen decreased their price target on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $135.89.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $102.27 on Tuesday. The company has a market capitalization of $33.93 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. Kimberly-Clark Corporation has a 52 week low of $102.20 and a 52 week high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The firm has a 50 day moving average of $123.35 and a 200 day moving average of $129.63.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results 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 business had revenue of $4.15 billion for 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 business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. On average, sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal 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.