First Business Financial Services Inc. boosted its stake in Kimberly Clark Corp (NYSE:KMB) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,669 shares of the company’s stock after acquiring an additional 255 shares during the period. First Business Financial Services Inc.’s holdings in Kimberly Clark were worth $379,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KMB. Vanguard Group Inc. raised its position in shares of Kimberly Clark by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,327,564 shares of the company’s stock valued at $3,775,497,000 after buying an additional 169,957 shares in the last quarter. BlackRock Inc. grew its position in Kimberly Clark by 2.0% in the 2nd quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock valued at $3,325,795,000 after acquiring an additional 481,402 shares during the last quarter. Northern Trust Corp grew its position in Kimberly Clark by 0.8% in the 2nd quarter. Northern Trust Corp now owns 5,137,463 shares of the company’s stock valued at $684,720,000 after acquiring an additional 42,045 shares during the last quarter. Wells Fargo & Company MN grew its position in Kimberly Clark by 8.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,438,115 shares of the company’s stock valued at $591,513,000 after acquiring an additional 331,708 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kimberly Clark by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,002,671 shares of the company’s stock valued at $400,196,000 after acquiring an additional 23,611 shares during the last quarter. 72.31% of the stock is owned by institutional investors and hedge funds.
Kimberly Clark stock traded down $0.30 during midday trading 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 50-day simple moving average is $136.20 and its 200-day simple moving average is $134.85. The company has a debt-to-equity ratio of 70.43, a current ratio of 0.75 and a quick ratio of 0.48. Kimberly Clark Corp has a 52-week low of $106.59 and a 52-week high of $143.50. The stock has a market capitalization of $44.69 billion, a P/E ratio of 19.89, a PEG ratio of 3.47 and a beta of 0.52.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.04. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the business posted $1.71 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly Clark Corp will post 6.85 earnings per share for the current fiscal year.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the sale, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.85% of the company’s stock.
A number of equities research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. raised their price objective on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their price objective on Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price objective on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $139.33.
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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