Kimberly-Clark Corporation (KMB) Holdings Decreased by Raymond James Trust N.A.

Raymond James Trust N.A. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,606 shares of the company’s stock after selling 3,130 shares during the period. Raymond James Trust N.A.’s holdings in Kimberly-Clark Corporation were worth $4,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Martin Investment Management LLC acquired a new position in shares of Kimberly-Clark Corporation in the second quarter valued at approximately $443,000. Pax World Management LLC grew its holdings in shares of Kimberly-Clark Corporation by 7.7% in the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares in the last quarter. Boston Family Office LLC grew its holdings in shares of Kimberly-Clark Corporation by 0.8% in the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its holdings in shares of Kimberly-Clark Corporation by 80.0% in the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 70.40% of the company’s stock.

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KMB has been the subject of a number of research reports. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. UBS AG restated a “neutral” rating and issued a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Two 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 has a consensus rating of “Hold” and a consensus target price of $127.14.

Shares of Kimberly-Clark Corporation (NYSE KMB) opened at $114.55 on Wednesday. The firm has a market cap of $40,596.31, a P/E ratio of 18.89, a PEG ratio of 3.00 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21.

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, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. research analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.

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

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