IFG Advisory LLC boosted its stake in Kimberly Clark Corp (NYSE:KMB) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,831 shares of the company’s stock after acquiring an additional 585 shares during the period. IFG Advisory LLC’s holdings in Kimberly Clark were worth $889,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Northern Trust Corp raised its holdings in shares of Kimberly Clark by 3.5% during the second quarter. Northern Trust Corp now owns 5,443,511 shares of the company’s stock worth $573,419,000 after purchasing an additional 182,806 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Kimberly Clark by 6.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,135,206 shares of the company’s stock worth $583,564,000 after purchasing an additional 325,606 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Kimberly Clark by 1.8% during the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock worth $340,302,000 after purchasing an additional 56,053 shares during the period. American Century Companies Inc. raised its holdings in shares of Kimberly Clark by 121.8% during the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after purchasing an additional 1,361,325 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Kimberly Clark by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock worth $231,237,000 after purchasing an additional 72,684 shares during the period. 74.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Citigroup increased 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. 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. Jefferies Financial Group reissued a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co increased their target price on shares of Kimberly Clark from $97.00 to $105.00 and gave the stock a “market perform” rating in a report on Wednesday, October 17th. Finally, Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price on the stock. in a report on Wednesday, October 10th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $105.64.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Equities research analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current year.
In other news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 6,122 shares in the company, valued at $718,355.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
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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