Kimberly-Clark Corporation $KMB Position Boosted by Nuance Investments LLC

Nuance Investments LLC increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 35.1% in the second quarter, Holdings Channel reports. The firm owned 149,384 shares of the company’s stock after purchasing an additional 38,789 shares during the quarter. Kimberly-Clark accounts for 1.5% of Nuance Investments LLC’s holdings, making the stock its 18th biggest holding. Nuance Investments LLC’s holdings in Kimberly-Clark were worth $19,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT lifted its holdings in Kimberly-Clark by 5,204.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock worth $4,137,000 after buying an additional 31,486 shares during the last quarter. Midwest Trust Co acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $4,227,000. FDx Advisors Inc. raised its position in shares of Kimberly-Clark by 48.9% during the 2nd quarter. FDx Advisors Inc. now owns 2,627 shares of the company’s stock valued at $339,000 after acquiring an additional 863 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Kimberly-Clark by 36.4% during the second quarter. Acadian Asset Management LLC now owns 992,379 shares of the company’s stock worth $127,919,000 after purchasing an additional 264,806 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Kimberly-Clark by 5.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 673,096 shares of the company’s stock worth $86,776,000 after purchasing an additional 34,016 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMB. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Morgan Stanley lowered their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a report on Monday, November 3rd. UBS Group increased their price target on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company reduced their price objective on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $129.80.

Kimberly-Clark Stock Performance

KMB opened at $103.85 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The business’s 50 day moving average is $121.10 and its 200-day moving average is $128.62. The stock has a market cap of $34.46 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

About Kimberly-Clark

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.