Pacad Investment Ltd. Purchases 10,136 Shares of Kimberly-Clark Corporation (KMB)

Pacad Investment Ltd. boosted its position in Kimberly-Clark Corporation (NYSE:KMB) by 2,534.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,536 shares of the company’s stock after purchasing an additional 10,136 shares during the quarter. Pacad Investment Ltd.’s holdings in Kimberly-Clark Corporation were worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mosaic Family Wealth LLC raised its stake in Kimberly-Clark Corporation by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the last quarter. Investment Partners Ltd. OH ADV raised its stake in Kimberly-Clark Corporation by 0.3% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 2,852 shares of the company’s stock valued at $368,000 after purchasing an additional 8 shares during the last quarter. Winch Advisory Services LLC raised its stake in Kimberly-Clark Corporation by 0.6% in the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after purchasing an additional 8 shares during the last quarter. Stratford Consulting LLC raised its stake in Kimberly-Clark Corporation by 0.7% in the 2nd quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock valued at $263,000 after purchasing an additional 15 shares during the last quarter. Finally, AT Bancorp raised its stake in Kimberly-Clark Corporation by 0.4% in the 2nd quarter. AT Bancorp now owns 4,837 shares of the company’s stock valued at $625,000 after purchasing an additional 19 shares during the last quarter. 70.49% of the stock is owned by hedge funds and other institutional investors.

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Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results 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. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 earnings per share.

KMB has been the subject of several recent research reports. J P Morgan Chase & Co downgraded Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Macquarie initiated coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. BidaskClub downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. 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 research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $127.14.

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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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