Usca Ria LLC grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 45.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 44,844 shares of the company’s stock after acquiring an additional 14,006 shares during the quarter. Usca Ria LLC’s holdings in Kimberly Clark were worth $5,096,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp grew its position in shares of Kimberly Clark by 3.5% in the second quarter. Northern Trust Corp now owns 5,443,511 shares of the company’s stock valued at $573,419,000 after purchasing an additional 182,806 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Kimberly Clark by 6.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,135,206 shares of the company’s stock valued at $583,564,000 after purchasing an additional 325,606 shares during the period. Federated Investors Inc. PA grew its position in shares of Kimberly Clark by 1.8% in the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock valued at $340,302,000 after purchasing an additional 56,053 shares during the period. American Century Companies Inc. grew its position in shares of Kimberly Clark by 121.8% in the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after purchasing an additional 1,361,325 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Kimberly Clark by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock valued at $231,237,000 after purchasing an additional 72,684 shares during the period. 74.43% of the stock is owned by institutional investors.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at $718,355.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.
KMB stock opened at $106.40 on Monday. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.56 and a beta of 0.67.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current year.
KMB has been the subject of a number of recent analyst reports. Deutsche Bank lifted their price objective on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale downgraded Kimberly Clark from a “buy” rating to a “hold” rating and lowered their price objective for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Kimberly Clark in a research report on Friday, July 13th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.64.
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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