Whitnell & Co. grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 49.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,111 shares of the company’s stock after purchasing an additional 3,003 shares during the period. Whitnell & Co.’s holdings in Kimberly Clark were worth $1,294,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Nuveen Asset Management LLC grew its stake in Kimberly Clark by 6,220.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,280,245 shares of the company’s stock worth $170,632,000 after buying an additional 1,259,990 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Kimberly Clark by 13,250.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock valued at $107,243,000 after acquiring an additional 1,064,397 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Kimberly Clark by 51.9% during the 2nd quarter. APG Asset Management N.V. now owns 2,395,212 shares of the company’s stock valued at $280,325,000 after acquiring an additional 818,574 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Kimberly Clark by 82.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock valued at $237,064,000 after acquiring an additional 803,121 shares during the last quarter. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $97,308,000. Institutional investors own 72.31% of the company’s stock.
A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and lifted their price objective for the company from $123.00 to $124.00 in a research report on Tuesday, October 22nd. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Friday, September 27th. Finally, Wells Fargo & Co lifted their price objective on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Kimberly Clark has an average rating of “Hold” and an average target price of $139.33.
In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the sale, the senior vice president now directly owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is currently owned by insiders.
Shares of KMB stock traded down $0.30 on Friday, reaching $131.46. The company’s stock had a trading volume of 1,075,695 shares, compared to its average volume of 1,738,013. The stock’s fifty day simple moving average is $136.20 and its 200-day simple moving average is $134.85. Kimberly Clark Corp has a 1 year low of $106.59 and a 1 year high of $143.50. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. The company has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.52.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.80 by $0.04. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.66 billion. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. Kimberly Clark’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. Equities research analysts forecast that Kimberly Clark Corp will post 6.85 earnings per share for the current year.
Kimberly Clark Profile
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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