Kimberly Clark Corp (NYSE:KMB) Stake Raised by First Business Financial Services Inc.

First Business Financial Services Inc. grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,669 shares of the company’s stock after buying an additional 255 shares during the period. First Business Financial Services Inc.’s holdings in Kimberly Clark were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Taylor Hoffman Wealth Management increased its holdings in shares of Kimberly Clark by 18.5% in the third quarter. Taylor Hoffman Wealth Management now owns 2,783 shares of the company’s stock valued at $395,000 after buying an additional 434 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Kimberly Clark by 10.7% in the third quarter. Benjamin Edwards Inc. now owns 805 shares of the company’s stock valued at $114,000 after buying an additional 78 shares in the last quarter. Whitnell & Co. increased its holdings in shares of Kimberly Clark by 49.2% in the third quarter. Whitnell & Co. now owns 9,111 shares of the company’s stock valued at $1,294,000 after buying an additional 3,003 shares in the last quarter. DT Investment Partners LLC increased its holdings in shares of Kimberly Clark by 1.3% in the third quarter. DT Investment Partners LLC now owns 43,702 shares of the company’s stock valued at $6,208,000 after buying an additional 578 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its holdings in shares of Kimberly Clark by 5.5% in the third quarter. Principle Wealth Partners LLC now owns 3,840 shares of the company’s stock valued at $545,000 after buying an additional 200 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the transaction, the senior vice president now directly owns 17,304 shares in the company, valued at approximately $2,442,805.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.85% of the company’s stock.

NYSE KMB traded down $0.30 on Friday, hitting $131.46. 1,075,695 shares of the stock were exchanged, compared to its average volume of 1,738,013. Kimberly Clark Corp has a 52-week low of $106.59 and a 52-week high of $143.50. The company has a debt-to-equity ratio of 70.43, a current ratio of 0.75 and a quick ratio of 0.48. The company has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 3.47 and a beta of 0.52. The company’s 50-day moving average price is $136.20 and its two-hundred day moving average price is $134.85.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the previous year, the company posted $1.71 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Kimberly Clark Corp will post 6.85 EPS for the current fiscal year.

Several research firms have issued reports on KMB. JPMorgan Chase & Co. upped their price target on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Co upped their price target on Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $144.00 to $152.00 in a report on Monday, September 23rd. Finally, Bank of America raised Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $139.33.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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

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