Private Advisor Group LLC boosted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 70.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,392 shares of the company’s stock after acquiring an additional 14,617 shares during the quarter. Private Advisor Group LLC’s holdings in Kimberly Clark were worth $4,022,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Massachusetts Financial Services Co. MA boosted its position in Kimberly Clark by 96.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock worth $506,642,000 after acquiring an additional 2,365,565 shares during the period. Macquarie Group Ltd. boosted its position in Kimberly Clark by 1,402.1% during the 2nd quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock worth $229,937,000 after acquiring an additional 2,037,488 shares during the period. American Century Companies Inc. boosted its position in Kimberly Clark by 121.8% during the 2nd quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after acquiring an additional 1,361,325 shares during the period. Beutel Goodman & Co Ltd. acquired a new stake in Kimberly Clark during the 3rd quarter worth about $65,232,000. Finally, LSV Asset Management acquired a new stake in Kimberly Clark during the 2nd quarter worth about $64,686,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
Shares of Kimberly Clark stock opened at $107.49 on Thursday. The stock has a market cap of $37.05 billion, a PE ratio of 17.25, a PEG ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77.
In other news, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction dated Thursday, August 16th. The stock was 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 approximately $718,355.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.
A number of equities research analysts have commented on the company. Deutsche Bank raised their price objective on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $86.00 in a research report on Thursday, August 16th. Atlantic Securities assumed coverage on Kimberly Clark in a research report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective for the company. Finally, Bank of America raised their price objective on Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $105.64.
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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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