River Road Asset Management LLC Sells 4,842 Shares of Kimberly-Clark Co. (NYSE:KMB)

River Road Asset Management LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,542 shares of the company’s stock after selling 4,842 shares during the quarter. River Road Asset Management LLC’s holdings in Kimberly-Clark were worth $15,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Trading Down 0.6 %

NYSE KMB opened at $133.74 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market capitalization of $44.60 billion, a P/E ratio of 17.35, a PEG ratio of 2.83 and a beta of 0.40. The business has a fifty day simple moving average of $141.79 and a 200 day simple moving average of $139.25. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

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