Public Employees Retirement Association of Colorado decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 3.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 51,636 shares of the company’s stock after selling 1,911 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Kimberly-Clark were worth $7,129,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Spotlight Asset Group Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $55,000. Kerntke Otto McGlone Wealth Management Group increased its holdings in shares of Kimberly-Clark by 20.2% during the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 2,075 shares of the company’s stock valued at $287,000 after acquiring an additional 349 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Kimberly-Clark by 20.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 931,956 shares of the company’s stock valued at $128,666,000 after acquiring an additional 158,338 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Kimberly-Clark by 8.7% during the 2nd quarter. Lido Advisors LLC now owns 53,529 shares of the company’s stock valued at $7,390,000 after acquiring an additional 4,266 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Kimberly-Clark by 2.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,840 shares of the company’s stock valued at $8,123,000 after buying an additional 1,624 shares during the last quarter. Institutional investors and hedge funds own 74.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on KMB shares. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. HSBC started coverage on Kimberly-Clark in a report on Friday, September 22nd. They issued a “hold” rating and a $133.00 target price on the stock. Barclays raised their target price on Kimberly-Clark from $122.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Citigroup lowered their target price on Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating on the stock in a report on Wednesday, October 11th. Finally, Sanford C. Bernstein raised Kimberly-Clark from an “underperform” rating to a “market perform” rating and lowered their target price for the company from $125.00 to $118.00 in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.93.
Insider Buying and Selling at Kimberly-Clark
In other Kimberly-Clark news, insider Zackery A. Hicks sold 3,020 shares of Kimberly-Clark stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total value of $360,678.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Zackery A. Hicks sold 3,020 shares of Kimberly-Clark stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total value of $360,678.60. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Kimberly-Clark Price Performance
Kimberly-Clark stock opened at $121.14 on Wednesday. The company has a debt-to-equity ratio of 8.81, a current ratio of 0.84 and a quick ratio of 0.54. The company has a market capitalization of $40.94 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.38. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The business has a 50 day simple moving average of $121.92 and a 200 day simple moving average of $130.40.
Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its earnings results on Tuesday, October 24th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.58 by $0.16. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.16 billion. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. Kimberly-Clark’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 6.59 EPS for the current fiscal year.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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