Carlton Hofferkamp & Jenks Wealth Management LLC Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,227 shares of the company’s stock after selling 135 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly-Clark were worth $833,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Kimberly-Clark by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Vest Financial LLC grew its holdings in shares of Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Kimberly-Clark in the second quarter worth $14,751,000. Swedbank AB grew its holdings in shares of Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after acquiring an additional 6,392 shares during the period. Finally, PGGM Investments grew its holdings in shares of Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after acquiring an additional 11,882 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NYSE:KMB opened at $132.13 on Wednesday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month 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. The business’s 50-day moving average is $140.71 and its 200 day moving average is $139.25. The company has a market capitalization of $44.06 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.80 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on KMB. UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Finally, Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $149.93.

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.