Nuance Investments LLC cut its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 46.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,319 shares of the company’s stock after selling 19,937 shares during the period. Nuance Investments LLC’s holdings in Kimberly-Clark Corporation were worth $3,011,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC lifted its holdings in Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares in the last quarter. Heritage Trust Co purchased a new position in Kimberly-Clark Corporation in the 1st quarter valued at about $118,000. V Wealth Management LLC purchased a new position in Kimberly-Clark Corporation in the 2nd quarter valued at about $123,000. Finally, Sterling Investment Advisors Ltd. lifted its holdings in Kimberly-Clark Corporation by 63.8% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.
KMB has been the topic of a number of recent research reports. J P Morgan Chase & Co lowered shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $115.55 to $100.00 in a report on Friday, October 20th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Friday, September 8th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, UBS Group AG (USA) reiterated a “neutral” rating and set a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a report 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 company has an average rating of “Hold” and a consensus target price of $127.14.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at $110.79 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market cap of $39.24 billion, a PE ratio of 18.26, a P/E/G ratio of 2.90 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (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 company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the company earned $1.52 earnings per share. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
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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