Kimberly-Clark Corporation $KMB Stock: Pictet Asset Management Holding SA Trims Position

Pictet Asset Management Holding SA decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,959 shares of the company’s stock after selling 8,355 shares during the period. Pictet Asset Management Holding SA’s holdings in Kimberly-Clark were worth $46,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in Kimberly-Clark in the second quarter valued at $3,547,915,000. Bank of America Corp DE increased its position in shares of Kimberly-Clark by 3.3% during the second quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock valued at $755,398,000 after buying an additional 219,742 shares during the period. Thornburg Investment Management Inc. purchased a new position in shares of Kimberly-Clark during the second quarter valued at about $632,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimberly-Clark by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,116,768 shares of the company’s stock worth $342,128,000 after buying an additional 249,832 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Kimberly-Clark by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 2,237,904 shares of the company’s stock worth $215,891,000 after buying an additional 18,989 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Key Kimberly-Clark News

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Kimberly-Clark has raised its dividend for 55 consecutive years, a record that may appeal to income-focused investors. The article discusses the income potential of a $10,000 investment, though it does not report a new dividend increase. Article: Kimberly-Clark Has Raised Its Dividend for 55 Straight Years
• Neutral Sentiment: BNP Paribas Exane and Barclays raised their price targets to $112, but both maintained neutral or equal-weight ratings, signaling limited conviction in near-term upside. BNP Paribas Exane ratings Barclays ratings
• Neutral Sentiment: A report characterized analysts as neutral on Kimberly-Clark, reinforcing a cautious view rather than pointing to a clear positive catalyst. Article: Analysts Are Neutral on These Consumer Goods Stocks
• Neutral Sentiment: A short-interest report lists zero shares short and zero days to cover, despite describing short interest as having increased. The figures are inconsistent, so they offer no reliable bearish signal.
• Negative Sentiment: A separate article says Kimberly-Clark is facing several challenges, which may weigh on investor sentiment, though the provided summary does not specify them. Article: What’s Wrong With Kimberly-Clark Stock?

Kimberly-Clark Trading Down 1.0%

NASDAQ:KMB opened at $110.76 on Wednesday. The company’s 50 day moving average price is $102.69 and its 200-day moving average price is $103.33. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $116.82. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 1.91. The stock has a market cap of $36.84 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 6.69 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. BNP Paribas Exane lifted their price objective on Kimberly-Clark from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Rothschild & Co Redburn reduced their target price on shares of Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.20.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.