Nisa Investment Advisors LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,258 shares of the company’s stock after selling 4,929 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimberly-Clark were worth $12,241,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Kimberly-Clark by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after purchasing an additional 69,794 shares during the last quarter. Vest Financial LLC grew its position in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Kimberly-Clark during the second quarter worth $14,751,000. Swedbank AB raised its position in Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares during the period. Finally, PGGM Investments lifted its stake in shares of Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after purchasing an additional 11,882 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Wall Street Analysts Forecast Growth
KMB has been the subject of a number of recent analyst reports. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Wells Fargo & Company cut their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.93.
Kimberly-Clark Price Performance
KMB stock opened at $134.44 on Thursday. The business’s 50-day moving average is $142.39 and its two-hundred day moving average is $138.98. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58. The firm has a market capitalization of $45.27 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the company earned $1.74 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.
About Kimberly-Clark
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.
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