Stephens Inc. AR reduced its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,188 shares of the company’s stock after selling 5,649 shares during the period. Stephens Inc. AR’s holdings in Kimberly-Clark Corporation were worth $11,386,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its position in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation during the 1st quarter worth approximately $118,000. V Wealth Management LLC acquired a new stake in Kimberly-Clark Corporation during the 2nd quarter worth approximately $123,000. Sterling Investment Advisors Ltd. boosted its position in Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the period. Finally, Armbruster Capital Management Inc. boosted its position in Kimberly-Clark Corporation by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the period. Institutional investors own 70.40% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $115.41 on Tuesday. The firm has a market cap of $40,149.58, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
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KMB has been the topic of several recent research reports. J P Morgan Chase & Co downgraded shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. UBS AG restated a “neutral” rating and issued a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Finally, Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $127.14.
About Kimberly-Clark Corporation
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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