Cannell Peter B & Co. Inc. Sells 504 Shares of Kimberly-Clark Corporation (KMB)

Cannell Peter B & Co. Inc. lessened its position in Kimberly-Clark Corporation (NYSE:KMB) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,120 shares of the company’s stock after selling 504 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $19,511,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Pax World Management LLC raised its position in Kimberly-Clark Corporation by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after buying an additional 200 shares during the last quarter. Boston Family Office LLC raised its position in Kimberly-Clark Corporation by 0.8% in the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after buying an additional 90 shares during the last quarter. Legal & General Group Plc raised its position in Kimberly-Clark Corporation by 3.7% in the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after buying an additional 68,776 shares during the last quarter. Strategy Asset Managers LLC raised its position in Kimberly-Clark Corporation by 80.0% in the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after buying an additional 1,390 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its position in Kimberly-Clark Corporation by 1.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 5,657 shares of the company’s stock valued at $735,000 after buying an additional 63 shares during the last quarter. 70.49% of the stock is currently owned by institutional investors and hedge funds.

KMB has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and issued a $131.00 target price (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. 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. The stock currently has a consensus rating of “Hold” and an average target price of $127.14.

Kimberly-Clark Corporation (KMB) opened at $110.79 on Friday. 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 $38,971.16, a P/E ratio of 18.13, a P/E/G ratio of 2.88 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 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 company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current 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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Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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