Achmea Investment Management B.V. decreased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,079 shares of the company’s stock after selling 7,226 shares during the period. Achmea Investment Management B.V.’s holdings in Kimberly Clark were worth $5,233,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in KMB. Exchange Capital Management Inc. boosted its holdings in Kimberly Clark by 800.0% in the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after acquiring an additional 800 shares in the last quarter. Braun Bostich & Associates Inc. boosted its holdings in Kimberly Clark by 1,426.9% in the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after acquiring an additional 956 shares in the last quarter. Arlington Partners LLC bought a new position in Kimberly Clark in the third quarter worth approximately $114,000. Fort L.P. bought a new position in Kimberly Clark in the second quarter worth approximately $125,000. Finally, Bridgeworth LLC bought a new position in Kimberly Clark in the second quarter worth approximately $135,000. Institutional investors own 74.43% of the company’s stock.
Shares of Kimberly Clark stock opened at $109.45 on Friday. The company has a market capitalization of $37.05 billion, a PE ratio of 17.57, a P/E/G ratio of 2.59 and a beta of 0.67. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $123.77. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. On average, equities research analysts predict that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
Several research analysts have issued reports on KMB shares. Deutsche Bank increased their price target on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Societe Generale lowered Kimberly Clark from a “buy” rating to a “hold” rating and cut their price target for the stock from $124.00 to $116.00 in a report on Wednesday, August 15th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $96.00 price target on shares of Kimberly Clark in a report on Friday, July 13th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.64.
In other news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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