Benjamin F. Edwards & Company Inc. reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,570 shares of the company’s stock after selling 154 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Kimberly Clark were worth $2,354,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KMB. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 169,957 shares during the last quarter. BlackRock Inc. raised its holdings 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 raised its holdings 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 raised its holdings 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. raised its holdings 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. Hedge funds and other institutional investors own 72.31% of the company’s stock.
KMB stock opened at $131.46 on Monday. The company has a market cap of $44.69 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.47 and a beta of 0.52. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 70.43. The business has a fifty day simple moving average of $136.20 and a 200-day simple moving average of $134.85. Kimberly Clark Corp has a 52 week low of $106.59 and a 52 week high of $143.50.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.04. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.66 billion. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. As a group, analysts expect that Kimberly Clark Corp will post 6.85 earnings per share for the current fiscal year.
In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction 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 approximately $2,442,805.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.85% of the company’s stock.
Several brokerages have weighed in on KMB. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a report on Monday, September 30th. Deutsche Bank upgraded Kimberly Clark from a “sell” rating to a “hold” rating and boosted their price target for the company from $123.00 to $124.00 in a report on Tuesday, October 22nd. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley cut their price target on Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays upgraded Kimberly Clark from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $144.00 to $152.00 in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $139.33.
Kimberly Clark Company Profile
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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