Oarsman Capital Inc. decreased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,106 shares of the company’s stock after selling 113 shares during the period. Oarsman Capital Inc.’s holdings in Kimberly-Clark Corporation were worth $1,563,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co bought a new position in shares of Kimberly-Clark Corporation during the first quarter worth about $118,000. V Wealth Management LLC bought a new position in shares of Kimberly-Clark Corporation during the second quarter worth about $123,000. Sterling Investment Advisors Ltd. lifted its position in shares of Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its position in shares of Kimberly-Clark Corporation by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at $115.41 on Tuesday. Kimberly-Clark Corporation has a 12 month low of $109.67 and a 12 month high of $136.21. The company has a market cap of $40,149.58, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the business earned $1.52 earnings per share. Kimberly-Clark Corporation’s revenue was up 1.0% compared to the same quarter last year. equities research analysts forecast that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
Several equities analysts have recently commented on KMB shares. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. UBS AG reissued a “neutral” rating and issued a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average target price of $127.14.
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Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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