Kimberly Clark Corp (KMB) Holdings Trimmed by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 41.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,461,727 shares of the company’s stock after selling 1,017,004 shares during the period. American Century Companies Inc. owned about 0.42% of Kimberly Clark worth $166,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Kimberly Clark during the second quarter worth $40,577,000. PVG Asset Management Corp lifted its stake in Kimberly Clark by 159.8% during the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock worth $1,135,000 after purchasing an additional 6,633 shares during the last quarter. MAI Capital Management lifted its stake in Kimberly Clark by 22.7% during the second quarter. MAI Capital Management now owns 3,206 shares of the company’s stock worth $338,000 after purchasing an additional 593 shares during the last quarter. Cleararc Capital Inc. lifted its stake in Kimberly Clark by 254.1% during the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock worth $3,345,000 after purchasing an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in Kimberly Clark by 87.7% during the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock worth $406,000 after purchasing an additional 1,801 shares during the last quarter. Hedge funds and other institutional investors own 74.43% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Deutsche Bank upped their target price on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. UBS Group initiated coverage on Kimberly Clark in a research note on Thursday, July 19th. They issued a “sell” rating and a $90.00 price target for the company. Goldman Sachs Group cut Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price target for the company. in a research note on Monday, October 8th. Finally, Barclays set a $104.00 price target on Kimberly Clark and gave the company a “hold” rating in a research note on Monday, October 1st. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus price target of $105.64.

In related news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares in the company, valued at $718,355.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Shares of KMB opened at $107.21 on Friday. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $123.77. The firm has a market capitalization of $37.05 billion, a PE ratio of 17.21, a PEG ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. Kimberly Clark’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. As a group, analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current year.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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