Marble Harbor Investment Counsel LLC trimmed its stake in Kimberly-Clark Corporation (NYSE:KMB) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,048 shares of the company’s stock after selling 300 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Kimberly-Clark Corporation were worth $1,426,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation in the first quarter valued at $118,000. Armbruster Capital Management Inc. increased its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the last quarter. V Wealth Management LLC acquired a new position in Kimberly-Clark Corporation in the second quarter valued at $123,000. Finally, Sterling Investment Advisors Ltd. increased its stake in Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Societe Generale upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $112.05 to $144.00 in a research note on Thursday. Finally, Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Kimberly-Clark Corporation has an average rating of “Hold” and an average price target of $127.14.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $1.52 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year.
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Kimberly-Clark Corporation 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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