Kimberly Clark Corp (KMB) Position Boosted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in Kimberly Clark Corp (NYSE:KMB) by 41.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,830 shares of the company’s stock after purchasing an additional 830 shares during the period. Chicago Partners Investment Group LLC’s holdings in Kimberly Clark were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Kovack Advisors Inc. increased its holdings in shares of Kimberly Clark by 16.3% in the second quarter. Kovack Advisors Inc. now owns 3,384 shares of the company’s stock valued at $356,000 after purchasing an additional 474 shares during the last quarter. Mackay Shields LLC boosted its position in shares of Kimberly Clark by 0.7% in the second quarter. Mackay Shields LLC now owns 73,485 shares of the company’s stock valued at $7,741,000 after acquiring an additional 483 shares during the period. ACG Wealth boosted its position in shares of Kimberly Clark by 19.2% in the second quarter. ACG Wealth now owns 3,058 shares of the company’s stock valued at $322,000 after acquiring an additional 492 shares during the period. Shufro Rose & Co. LLC boosted its position in shares of Kimberly Clark by 16.7% in the second quarter. Shufro Rose & Co. LLC now owns 3,500 shares of the company’s stock valued at $369,000 after acquiring an additional 500 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Kimberly Clark by 0.9% in the second quarter. Royce & Associates LP now owns 57,500 shares of the company’s stock valued at $6,057,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 74.43% of the company’s stock.

In related news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at $718,355.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.

KMB opened at $109.45 on Friday. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month 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. The stock has a market cap of $37.22 billion, a P/E ratio of 16.34, a PEG ratio of 2.61 and a beta of 0.67.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. Kimberly Clark’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on KMB shares. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research report on Tuesday, October 23rd. Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price for the company. in a research report on Monday, October 8th. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a research report on Wednesday, October 10th. Bank of America boosted their target price on shares of Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $100.00 target price on shares of Kimberly Clark in a research report on Monday, October 22nd. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $105.64.

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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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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