Ajo LP Boosts Stake in Kimberly-Clark Corporation (KMB)

Ajo LP raised its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 23.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 81,400 shares of the company’s stock after purchasing an additional 15,724 shares during the quarter. Ajo LP’s holdings in Kimberly-Clark Corporation were worth $10,510,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of KMB. Martin Investment Management LLC acquired a new stake in shares of Kimberly-Clark Corporation during the 2nd quarter valued at about $443,000. Pax World Management LLC boosted its position in shares of Kimberly-Clark Corporation by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after acquiring an additional 200 shares in the last quarter. Boston Family Office LLC boosted its position in shares of Kimberly-Clark Corporation by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after acquiring an additional 90 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after acquiring an additional 68,776 shares in the last quarter. Finally, Strategy Asset Managers LLC boosted its position in shares of Kimberly-Clark Corporation by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.

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Kimberly-Clark Corporation (KMB) opened at $115.41 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The stock has a market cap of $40,149.58, a P/E ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.

Several brokerages have recently weighed in on KMB. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Bank of America Corporation reduced their price target on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Finally, UBS AG restated a “neutral” rating and issued a $119.00 price target (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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