OVERSEA CHINESE BANKING Corp Ltd Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

OVERSEA CHINESE BANKING Corp Ltd cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.4% in the third quarter, HoldingsChannel reports. The firm owned 263,431 shares of the company’s stock after selling 44,218 shares during the quarter. Kimberly-Clark makes up about 1.0% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 22nd biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kimberly-Clark were worth $37,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth $26,000. Crewe Advisors LLC purchased a new position in Kimberly-Clark during the first quarter worth about $27,000. New Millennium Group LLC acquired a new stake in Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. increased its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.2 %

Shares of NYSE:KMB opened at $133.28 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a market capitalization of $44.45 billion, a P/E ratio of 17.29, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock’s fifty day simple moving average is $140.93 and its 200-day simple moving average is $139.27.

Kimberly-Clark (NYSE:KMB) last released its earnings results 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. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

KMB has been the subject of several recent analyst reports. StockNews.com cut 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 set a “buy” rating and a $161.00 target price on the stock. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark 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.