NN Investment Partners Holdings N.V. raised its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 127.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,458 shares of the company’s stock after buying an additional 47,855 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Kimberly Clark were worth $9,712,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Exchange Capital Management Inc. grew its stake in shares of Kimberly Clark by 800.0% in the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after purchasing an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. grew its stake in shares of Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after purchasing an additional 956 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of Kimberly Clark in the 3rd quarter worth approximately $114,000. Fort L.P. acquired a new position in shares of Kimberly Clark in the 2nd quarter worth approximately $125,000. Finally, Bridgeworth LLC acquired a new position in shares of Kimberly Clark in the 2nd quarter worth approximately $135,000. 74.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KMB opened at $104.30 on Thursday. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.77. The stock has a market capitalization of $36.79 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.58 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24.
Several research analysts have commented on KMB shares. Citigroup raised their target price on shares of Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a report on Wednesday, October 24th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a report on Tuesday, October 23rd. Societe Generale cut shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their target price for the stock from $124.00 to $116.00 in a report on Wednesday, August 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $96.00 target price on shares of Kimberly Clark in a report on Friday, July 13th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $105.64.
In related news, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares in the company, valued at $718,355.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.
Kimberly Clark Profile
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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