Garrison Asset Management LLC Has $2.12 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Garrison Asset Management LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,920 shares of the company’s stock after selling 354 shares during the quarter. Garrison Asset Management LLC’s holdings in Kimberly-Clark were worth $2,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Price T Rowe Associates Inc. MD raised its stake in Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after buying an additional 636,882 shares during the period. Marshall Wace LLP grew its position in Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after buying an additional 503,839 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after acquiring an additional 354,501 shares during the period. Finally, Capital World Investors raised its holdings in Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after acquiring an additional 342,790 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. 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 company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $0.41 during midday trading on Monday, hitting $135.02. The company’s stock had a trading volume of 142,636 shares, compared to its average volume of 2,110,357. The firm has a market capitalization of $45.03 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.82 and a beta of 0.40. The stock has a fifty day moving average price of $142.00 and a 200 day moving average price of $139.20. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

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, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. On average, research analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

About Kimberly-Clark

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.