Wells Fargo & Company MN reduced its position in Kimberly Clark Corp (NYSE:KMB) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,619,600 shares of the company’s stock after selling 1,062,008 shares during the period. Wells Fargo & Company MN’s holdings in Kimberly Clark were worth $524,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Massachusetts Financial Services Co. MA raised its position in Kimberly Clark by 96.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock worth $506,642,000 after acquiring an additional 2,365,565 shares during the period. Macquarie Group Ltd. raised its position in Kimberly Clark by 1,402.1% during the second quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock worth $229,937,000 after acquiring an additional 2,037,488 shares during the period. American Century Companies Inc. raised its position in Kimberly Clark by 121.8% during the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after acquiring an additional 1,361,325 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in Kimberly Clark during the third quarter worth $65,232,000. Finally, LSV Asset Management acquired a new position in Kimberly Clark during the second quarter worth $64,686,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
In other news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on the stock. Deutsche Bank upped their price objective on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $86.00 in a research report on Thursday, August 16th. Atlantic Securities assumed coverage on shares of Kimberly Clark in a research report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective for the company. Finally, Bank of America upped their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $105.64.
Kimberly Clark stock opened at $106.87 on Tuesday. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The firm has a market cap of $36.53 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $4.52 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
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Kimberly Clark 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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