Mitsubishi UFJ Asset Management Co. Ltd. Has $86.78 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 673,096 shares of the company’s stock after acquiring an additional 34,016 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Kimberly-Clark worth $86,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares in the last quarter. Alps Advisors Inc. raised its position in Kimberly-Clark by 1.4% during the first quarter. Alps Advisors Inc. now owns 15,211 shares of the company’s stock worth $2,163,000 after acquiring an additional 210 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Kimberly-Clark by 5.7% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,729 shares of the company’s stock valued at $228,000 after purchasing an additional 93 shares during the period. SkyOak Wealth LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $244,000. Finally, Ballentine Partners LLC lifted its holdings in Kimberly-Clark by 4.4% during the 1st quarter. Ballentine Partners LLC now owns 19,864 shares of the company’s stock valued at $2,825,000 after purchasing an additional 837 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 3.1%

NASDAQ KMB opened at $103.85 on Monday. The business has a 50 day moving average price of $121.10 and a 200-day moving average price of $128.58. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The company has a market cap of $34.46 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Morgan Stanley cut their price target on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Piper Sandler decreased their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $129.80.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.