Massachusetts Financial Services Co. MA Sells 199,998 Shares of Kimberly-Clark Corporation $KMB

Massachusetts Financial Services Co. MA reduced its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,323,554 shares of the company’s stock after selling 199,998 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.60% of Kimberly-Clark worth $686,313,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its stake in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Financial Network Wealth Advisors LLC lifted its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth about $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMB shares. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. TD Cowen reduced their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Finally, Morgan Stanley lowered their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $128.91.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $104.01 on Friday. The firm has a 50 day moving average of $118.57 and a 200 day moving average of $127.64. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The company has a market capitalization of $34.52 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share 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.