Associated Banc Corp cut its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,024,966 shares of the company’s stock after selling 730 shares during the quarter. Kimberly-Clark Corporation accounts for about 7.5% of Associated Banc Corp’s investment portfolio, making the stock its largest holding. Associated Banc Corp owned 0.29% of Kimberly-Clark Corporation worth $132,334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tortoise Investment Management LLC raised its stake in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Heritage Trust Co purchased a new stake in shares of Kimberly-Clark Corporation during the 1st quarter worth about $118,000. V Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Corporation during the 2nd quarter worth about $123,000. Sterling Investment Advisors Ltd. raised its stake in shares of Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Finally, Armbruster Capital Management Inc. raised its stake in shares of Kimberly-Clark Corporation by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.
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Kimberly-Clark Corporation (NYSE:KMB) opened at $113.43 on Thursday. The firm has a market capitalization of $40,293.80, a P/E ratio of 18.75, a P/E/G ratio of 2.98 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 has a one year low of $109.67 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. research analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on KMB. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. UBS AG reaffirmed a “neutral” rating and set a $119.00 price target (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Finally, BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.14.
About Kimberly-Clark Corporation
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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