Sound View Wealth Advisors Group LLC Sells 897 Shares of Kimberly-Clark Corporation $KMB

Sound View Wealth Advisors Group LLC trimmed its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,952 shares of the company’s stock after selling 897 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Kimberly-Clark were worth $3,604,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Kimberly-Clark by 1.4% during the 1st quarter. Alps Advisors Inc. now owns 15,211 shares of the company’s stock worth $2,163,000 after buying an additional 210 shares during the period. Cerity Partners LLC boosted its holdings in shares of Kimberly-Clark by 40.8% during the 1st quarter. Cerity Partners LLC now owns 301,576 shares of the company’s stock worth $42,900,000 after buying an additional 87,315 shares during the period. Fidelis Capital Partners LLC grew its stake in Kimberly-Clark by 5.7% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,729 shares of the company’s stock valued at $228,000 after buying an additional 93 shares during the last quarter. Finally, SkyOak Wealth LLC bought a new position in Kimberly-Clark in the 1st quarter worth $244,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. UBS Group increased their target price on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company lowered their target price on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Barclays set a $132.00 price target on Kimberly-Clark in a report on Monday, November 3rd. Finally, Morgan Stanley lowered their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.80.

Kimberly-Clark Trading Up 3.1%

Kimberly-Clark stock opened at $103.85 on Friday. The business has a 50 day moving average price of $121.10 and a two-hundred day moving average price of $128.62. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The stock has a market cap of $34.46 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

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.