Bank of Montreal Can Has $55.07 Million Position in Kimberly-Clark Corporation $KMB

Bank of Montreal Can lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,151 shares of the company’s stock after selling 67,052 shares during the quarter. Bank of Montreal Can owned about 0.13% of Kimberly-Clark worth $55,068,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the second 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 valued at $27,000 after acquiring an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC increased its stake in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Elequin Capital LP bought a new position in Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC bought a new position in Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.6%

Shares of NASDAQ KMB opened at $100.05 on Thursday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The firm has a 50 day moving average price of $122.16 and a two-hundred day moving average price of $129.13. The stock has a market cap of $33.19 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30.

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 the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company posted $1.83 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent analyst reports. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday. UBS Group lifted their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Evercore ISI reissued an “in-line” rating and issued a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday. TD Cowen decreased their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings initiated coverage on shares of Kimberly-Clark in a research report on Thursday, October 30th. They set a “hold (c+)” rating for the company. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $129.80.

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.