Golden State Equity Partners Has $467,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Golden State Equity Partners reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,281 shares of the company’s stock after selling 223 shares during the quarter. Golden State Equity Partners’ holdings in Kimberly-Clark were worth $467,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. UBS Group dropped their target price 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. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Down 0.1 %

Shares of NYSE:KMB opened at $134.44 on Thursday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a market capitalization of $45.27 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39. The company has a 50-day simple moving average of $142.39 and a 200 day simple moving average of $138.98. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.58 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business posted $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

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.