Vantage Investment Advisors LLC reduced its position in Kimberly-Clark Corporation (NYSE:KMB) by 22.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,422 shares of the company’s stock after selling 422 shares during the period. Vantage Investment Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $184,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its holdings in shares of Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the 1st quarter valued at $118,000. V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the 2nd quarter valued at $123,000. Sterling Investment Advisors Ltd. lifted its stake in Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares in the last quarter. Finally, Armbruster Capital Management Inc. lifted its stake in Kimberly-Clark Corporation by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $114.14 on Monday. The stock has a market capitalization of $40,149.58, a PE ratio of 18.68, a PEG ratio of 2.97 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 released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. sell-side analysts forecast that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
KMB has been the topic of a number of recent analyst reports. Societe Generale upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $127.14.
About Kimberly-Clark Corporation
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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