Kornitzer Capital Management Inc. KS Decreases Position in Kimberly-Clark Co. (NYSE:KMB)

Kornitzer Capital Management Inc. KS lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 288,244 shares of the company’s stock after selling 1,637 shares during the period. Kimberly-Clark makes up approximately 0.8% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 28th largest position. Kornitzer Capital Management Inc. KS owned 0.09% of Kimberly-Clark worth $41,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Kimberly-Clark by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 416,419 shares of the company’s stock worth $59,248,000 after purchasing an additional 24,383 shares during the last quarter. Advisors Management Group Inc. ADV lifted its position in shares of Kimberly-Clark by 31.5% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,275 shares of the company’s stock worth $466,000 after purchasing an additional 784 shares during the last quarter. Graypoint LLC lifted its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter worth $212,000. Finally, Forte Capital LLC ADV lifted its position in shares of Kimberly-Clark by 5.0% during the 3rd quarter. Forte Capital LLC ADV now owns 12,075 shares of the company’s stock worth $1,718,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB traded up $2.15 during trading on Thursday, reaching $133.79. The company’s stock had a trading volume of 58,971 shares, compared to its average volume of 2,104,678. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $44.62 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The business’s fifty day moving average price is $141.37 and its 200-day moving average price is $139.26.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $1.74 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.93.

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.