Teachers Advisors LLC grew its stake in Kimberly-Clark Corporation (NYSE:KMB) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 592,279 shares of the company’s stock after buying an additional 56,189 shares during the period. Teachers Advisors LLC owned 0.17% of Kimberly-Clark Corporation worth $76,469,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Mutual of America Capital Management LLC increased its stake in shares of Kimberly-Clark Corporation by 18.5% in the first quarter. Mutual of America Capital Management LLC now owns 49,574 shares of the company’s stock worth $6,525,000 after acquiring an additional 7,735 shares during the period. Buckingham Asset Management LLC increased its stake in shares of Kimberly-Clark Corporation by 49.4% in the first quarter. Buckingham Asset Management LLC now owns 3,651 shares of the company’s stock worth $481,000 after acquiring an additional 1,207 shares during the period. Heritage Trust Co acquired a new stake in shares of Kimberly-Clark Corporation in the first quarter worth $118,000. Outfitter Advisors LTD. increased its stake in shares of Kimberly-Clark Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 40,090 shares of the company’s stock worth $5,277,000 after acquiring an additional 300 shares during the period. Finally, Ffcm LLC increased its stake in shares of Kimberly-Clark Corporation by 5.4% in the first quarter. Ffcm LLC now owns 16,533 shares of the company’s stock worth $2,177,000 after acquiring an additional 843 shares during the period. 70.40% of the stock is owned by institutional investors and hedge funds.
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A number of analysts have recently weighed in on KMB shares. Bank of America Corporation cut their price objective on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup Inc. dropped their price target on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.14.
Kimberly-Clark Corporation (NYSE KMB) opened at $114.55 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market cap of $40,596.31, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. equities research analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
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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