Flagship Harbor Advisors LLC cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,012 shares of the company’s stock after selling 319 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $888,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in KMB. Endurance Wealth Management Inc. grew its position in shares of Kimberly-Clark Corporation by 0.7% during the first quarter. Endurance Wealth Management Inc. now owns 16,901 shares of the company’s stock worth $2,225,000 after buying an additional 125 shares in the last quarter. FormulaFolio Investments LLC grew its position in shares of Kimberly-Clark Corporation by 3.4% during the first quarter. FormulaFolio Investments LLC now owns 3,219 shares of the company’s stock worth $424,000 after buying an additional 105 shares in the last quarter. Pax World Management LLC grew its position in shares of Kimberly-Clark Corporation by 8.4% during the first quarter. Pax World Management LLC now owns 2,584 shares of the company’s stock worth $340,000 after buying an additional 200 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of Kimberly-Clark Corporation by 53.6% during the first quarter. Engineers Gate Manager LP now owns 4,300 shares of the company’s stock worth $566,000 after buying an additional 1,500 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its position in shares of Kimberly-Clark Corporation by 9.4% during the first quarter. Mosaic Family Wealth LLC now owns 1,110 shares of the company’s stock worth $146,000 after buying an additional 95 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on KMB shares. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Bank of America Corporation lowered their price target on Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $119.00 price target (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. The stock presently has a consensus rating of “Hold” and an average target price of $127.14.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at $110.79 on Monday. 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 cap of $38,971.20, a price-to-earnings 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 quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
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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.
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