Deseret Mutual Benefit Administrators Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Deseret Mutual Benefit Administrators lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,446 shares of the company’s stock after selling 211 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Kimberly-Clark were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMB. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kimberly-Clark by 19.1% during the first 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 during the period. Wulff Hansen & CO. raised its position in Kimberly-Clark by 13,720.0% during the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP lifted its holdings in Kimberly-Clark by 48.4% in the 2nd 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 during the period. Dimensional Fund Advisors LP grew its position in shares of Kimberly-Clark by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Kimberly-Clark by 17.8% during the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after buying an additional 342,790 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on KMB shares. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $131.64 on Thursday. The business has a fifty day moving average price of $141.37 and a 200-day moving average price of $139.26. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market capitalization of $43.90 billion, a PE ratio of 17.07, a PEG ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 EPS. As a group, equities analysts expect 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.