TD Asset Management Inc. boosted its position in Kimberly Clark Corp (NYSE:KMB) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 535,149 shares of the company’s stock after acquiring an additional 31,307 shares during the period. TD Asset Management Inc. owned 0.15% of Kimberly Clark worth $60,815,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of KMB. Principal Financial Group Inc. boosted its holdings in Kimberly Clark by 1.3% during the first quarter. Principal Financial Group Inc. now owns 550,693 shares of the company’s stock worth $60,647,000 after buying an additional 7,033 shares during the last quarter. DnB Asset Management AS boosted its holdings in Kimberly Clark by 5.3% during the second quarter. DnB Asset Management AS now owns 45,357 shares of the company’s stock worth $4,778,000 after buying an additional 2,300 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Kimberly Clark by 44.4% during the second quarter. IFM Investors Pty Ltd now owns 15,785 shares of the company’s stock worth $1,663,000 after buying an additional 4,853 shares during the last quarter. Thompson Investment Management Inc. boosted its holdings in Kimberly Clark by 13.2% during the second quarter. Thompson Investment Management Inc. now owns 18,055 shares of the company’s stock worth $1,902,000 after buying an additional 2,107 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Kimberly Clark by 3.9% during the second quarter. Capital Investment Advisors LLC now owns 13,964 shares of the company’s stock worth $1,471,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.
In related news, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company insiders.
KMB has been the topic of a number of recent analyst reports. Morgan Stanley set a $100.00 target price on Kimberly Clark and gave the stock a “sell” rating in a report on Tuesday, October 23rd. Goldman Sachs Group cut Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a report on Monday, October 8th. Bank of America raised their price target on Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Deutsche Bank lowered Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price target on the stock. in a research report on Wednesday, October 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 price target on shares of Kimberly Clark in a research report on Monday, October 22nd. Five equities research 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 a consensus target price of $105.64.
NYSE KMB opened at $106.98 on Wednesday. The stock has a market cap of $36.53 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.77.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping 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 company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the firm posted $1.60 earnings per share. Kimberly Clark’s revenue was down 1.8% compared to the same quarter last year. Research analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share 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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