Unigestion Holding SA trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 15.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,100 shares of the company’s stock after selling 7,752 shares during the period. Unigestion Holding SA’s holdings in Kimberly Clark were worth $5,012,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Kimberly Clark by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 550,693 shares of the company’s stock valued at $60,647,000 after purchasing an additional 7,033 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Kimberly Clark by 16.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,265 shares of the company’s stock valued at $660,000 after purchasing an additional 900 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Kimberly Clark by 19.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 13,139 shares of the company’s stock valued at $1,384,000 after purchasing an additional 2,167 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in shares of Kimberly Clark by 7.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 37,603 shares of the company’s stock valued at $3,961,000 after purchasing an additional 2,534 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Kimberly Clark in the 2nd quarter valued at $284,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
A number of research analysts have recently weighed in on the company. Deutsche Bank increased their price target on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. raised Kimberly Clark from an “underweight” rating to a “neutral” rating and cut their price target for the company from $90.00 to $86.00 in a research note on Thursday, August 16th. Atlantic Securities assumed coverage on Kimberly Clark in a research note on Thursday, September 20th. They issued an “underweight” rating and a $114.00 price target on the stock. Finally, Bank of America increased their price target on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 6th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Kimberly Clark currently has an average rating of “Hold” and a consensus target price of $105.64.
In related news, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.
Shares of Kimberly Clark stock opened at $109.45 on Friday. The firm has a market cap of $37.22 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $123.77. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75.
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 Thomson Reuters’ consensus estimate of $1.64 by $0.07. The business had revenue of $4.58 billion for 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 firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. On average, analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current year.
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Kimberly Clark Company 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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