Burney Co. raised its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,741 shares of the company’s stock after buying an additional 1,036 shares during the period. Burney Co.’s holdings in Kimberly-Clark Corporation were worth $2,160,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in KMB. Tortoise Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Armbruster Capital Management Inc. increased its holdings in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. V Wealth Management LLC purchased a new stake in Kimberly-Clark Corporation during the second quarter valued at approximately $123,000. Finally, Sterling Investment Advisors Ltd. increased its stake in shares of Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. 70.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on KMB. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Societe Generale raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup Inc. reduced their price objective on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Barclays PLC reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, October 26th. Finally, Bank of America Corporation reduced their price objective on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $127.14.
Kimberly-Clark Corporation (NYSE KMB) opened at $114.45 on Monday. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The firm has a market cap of $40,260.00, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the business earned $1.52 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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