Summit X LLC boosted its stake in Kimberly Clark Corp (NYSE:KMB) by 71.4% in the 3rd quarter, Holdings Channel reports. The firm owned 9,179 shares of the company’s stock after purchasing an additional 3,824 shares during the period. Summit X LLC’s holdings in Kimberly Clark were worth $1,066,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of KMB. Principal Financial Group Inc. boosted its position in Kimberly Clark by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 550,693 shares of the company’s stock valued at $60,647,000 after buying an additional 7,033 shares during the period. DnB Asset Management AS boosted its position in Kimberly Clark by 5.3% in the 2nd quarter. DnB Asset Management AS now owns 45,357 shares of the company’s stock valued at $4,778,000 after buying an additional 2,300 shares during the period. IFM Investors Pty Ltd boosted its position in Kimberly Clark by 44.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 15,785 shares of the company’s stock valued at $1,663,000 after buying an additional 4,853 shares during the period. Lynch & Associates IN boosted its position in Kimberly Clark by 7.3% in the 2nd quarter. Lynch & Associates IN now owns 13,482 shares of the company’s stock valued at $1,420,000 after buying an additional 913 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in Kimberly Clark by 13.2% in the 2nd quarter. Thompson Investment Management Inc. now owns 18,055 shares of the company’s stock valued at $1,902,000 after buying an additional 2,107 shares during the period. Hedge funds and other institutional investors own 74.29% of the company’s stock.
In related news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by insiders.
Several equities analysts have commented on KMB shares. Jefferies Financial Group reissued a “hold” rating and issued a $96.00 price target on shares of Kimberly Clark in a research report on Friday, July 13th. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. UBS Group started coverage on shares of Kimberly Clark in a research report on Thursday, July 19th. They issued a “sell” rating and a $90.00 price target for the company. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Societe Generale cut shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their price target for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $105.64.
Kimberly Clark stock opened at $105.48 on Friday. The firm has a market cap of $36.53 billion, a PE ratio of 16.93, a PEG ratio of 2.56 and a beta of 0.67. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.60 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly Clark Corp will post 6.69 earnings per share for the current year.
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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