Fort Pitt Capital Group LLC Reduces Position in Kimberly Clark Corp (KMB)

Fort Pitt Capital Group LLC reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,897 shares of the company’s stock after selling 1,940 shares during the quarter. Kimberly Clark accounts for 2.8% of Fort Pitt Capital Group LLC’s holdings, making the stock its 15th biggest position. Fort Pitt Capital Group LLC’s holdings in Kimberly Clark were worth $38,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. Regal Investment Advisors LLC grew its position in Kimberly Clark by 70.8% during the third quarter. Regal Investment Advisors LLC now owns 7,857 shares of the company’s stock valued at $893,000 after purchasing an additional 3,257 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Kimberly Clark during the third quarter valued at approximately $205,000. Chicago Partners Investment Group LLC grew its position in Kimberly Clark by 41.5% during the third quarter. Chicago Partners Investment Group LLC now owns 2,830 shares of the company’s stock valued at $289,000 after purchasing an additional 830 shares in the last quarter. IFG Advisory LLC grew its position in Kimberly Clark by 8.1% during the third quarter. IFG Advisory LLC now owns 7,831 shares of the company’s stock valued at $889,000 after purchasing an additional 585 shares in the last quarter. Finally, Pendal Group Ltd purchased a new position in Kimberly Clark during the third quarter valued at approximately $314,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

KMB stock opened at $107.21 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $123.77.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. Kimberly Clark’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, equities research analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

KMB has been the subject of several recent research reports. Deutsche Bank boosted their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their target price for the stock from $124.00 to $116.00 in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $96.00 target price on shares of Kimberly Clark in a research report on Friday, July 13th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $105.64.

In related news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.

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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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