CWA Asset Management Group LLC boosted its position in Kimberly-Clark Corporation (NYSE:KMB) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,013 shares of the company’s stock after buying an additional 2,557 shares during the period. CWA Asset Management Group LLC’s holdings in Kimberly-Clark Corporation were worth $2,971,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Tortoise Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Heritage Trust Co bought a new stake in Kimberly-Clark Corporation during the 1st quarter worth approximately $118,000. V Wealth Management LLC bought a new stake in Kimberly-Clark Corporation during the 2nd quarter worth approximately $123,000. Sterling Investment Advisors Ltd. increased its holdings in Kimberly-Clark Corporation by 63.8% during the 1st 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. Finally, Armbruster Capital Management Inc. increased its holdings in Kimberly-Clark Corporation by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares in the last quarter. 70.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on KMB. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and an average target price of $127.14.
Kimberly-Clark Corporation (NYSE:KMB) opened at $114.55 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $109.67 and a 12 month high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The company has a market capitalization of $40,596.31, a P/E ratio of 18.89, a P/E/G ratio of 3.00 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
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About Kimberly-Clark Corporation
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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