Dai Ichi Life Insurance Company Ltd grew its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,341 shares of the company’s stock after purchasing an additional 4,929 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Kimberly-Clark Corporation were worth $11,018,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of KMB. Martin Investment Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth about $443,000. Pax World Management LLC increased its position in Kimberly-Clark Corporation by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC increased its position in Kimberly-Clark Corporation by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares during the period. Legal & General Group Plc increased its position in Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after acquiring an additional 68,776 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Kimberly-Clark Corporation by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares during the period. 70.40% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) opened at $115.41 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a 1 year low of $109.67 and a 1 year high of $136.21. The company has a market cap of $40,149.58, a P/E ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
KMB has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 price target on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and issued a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $127.14.
Kimberly-Clark Corporation Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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