Kimberly-Clark Corporation $KMB Shares Sold by S&T Bank PA

S&T Bank PA trimmed its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,748 shares of the company’s stock after selling 1,499 shares during the period. S&T Bank PA’s holdings in Kimberly-Clark were worth $1,643,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Financial Network Wealth Advisors LLC increased its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth $25,000. Princeton Global Asset Management LLC lifted its holdings in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $100.77 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 1 year low of $99.22 and a 1 year high of $150.45. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 3.67 and a beta of 0.26. The company has a 50 day simple moving average of $121.61 and a 200 day simple moving average of $128.93.

Kimberly-Clark (NASDAQ:KMB) last issued its 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. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KMB shares. Barclays set a $132.00 price objective on shares of Kimberly-Clark in a research report on Monday. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Wells Fargo & Company lowered 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. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.80.

Kimberly-Clark Company 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.