Thompson Investment Management Inc. reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,140 shares of the company’s stock after selling 800 shares during the quarter. Thompson Investment Management Inc.’s holdings in Kimberly Clark were worth $1,440,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. First Trust Advisors LP raised its position in shares of Kimberly Clark by 9.5% in the 3rd quarter. First Trust Advisors LP now owns 297,850 shares of the company’s stock valued at $42,310,000 after purchasing an additional 25,860 shares during the last quarter. Unigestion Holding SA raised its position in shares of Kimberly Clark by 42.8% in the 3rd quarter. Unigestion Holding SA now owns 36,379 shares of the company’s stock valued at $5,168,000 after purchasing an additional 10,906 shares during the last quarter. Haverford Trust Co. raised its position in shares of Kimberly Clark by 0.5% in the 3rd quarter. Haverford Trust Co. now owns 254,199 shares of the company’s stock valued at $36,109,000 after purchasing an additional 1,142 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Kimberly Clark by 7.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,877 shares of the company’s stock valued at $2,113,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Appleton Partners Inc. MA purchased a new position in shares of Kimberly Clark in the 3rd quarter valued at approximately $205,000. 72.31% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Jeffrey P. Melucci sold 26,839 shares of Kimberly Clark stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at approximately $2,442,805.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by company insiders.
Several equities analysts recently commented on KMB shares. Bank of America raised shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their price target on shares of Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Deutsche Bank raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and raised their price target for the stock from $123.00 to $124.00 in a research report on Tuesday, October 22nd. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $139.33.
Kimberly Clark stock traded down $0.30 during trading on Friday, reaching $131.46. The company had a trading volume of 1,090,752 shares, compared to its average volume of 1,738,013. The firm’s 50-day simple moving average is $136.27 and its 200 day simple moving average is $134.81. Kimberly Clark Corp has a 1-year low of $106.59 and a 1-year high of $143.50. The firm has a market capitalization of $44.69 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.52. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.48 and a current ratio of 0.75.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter last year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts anticipate that Kimberly Clark Corp will post 6.85 EPS 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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