TNB Financial raised its stake in Kimberly-Clark Corporation (NYSE:KMB) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 9,766 shares of the company’s stock after buying an additional 449 shares during the period. TNB Financial’s holdings in Kimberly-Clark Corporation were worth $1,261,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after buying an additional 225,993 shares during the period. Bank of New York Mellon Corp raised its position in Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock valued at $566,053,000 after buying an additional 207,316 shares during the period. FMR LLC raised its position in Kimberly-Clark Corporation by 23.4% in the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after buying an additional 491,121 shares during the period. Norges Bank acquired a new position in Kimberly-Clark Corporation during the fourth quarter valued at $289,546,000. Finally, Legal & General Group Plc raised its position in Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after buying an additional 68,776 shares during the period. 70.03% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation (NYSE KMB) opened at 123.71 on Friday. The firm’s 50-day moving average price is $128.81 and its 200-day moving average price is $127.89. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The firm has a market cap of $43.91 billion, a P/E ratio of 20.41 and a beta of 0.78.

Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, April 24th. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.27 earnings per share for the current fiscal year.

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Several analysts have recently commented on the company. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. Vetr downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a research note on Tuesday, April 18th. BidaskClub downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $133.36.

In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the completion of the transaction, the senior vice president now owns 23,543 shares of the company’s stock, valued at $3,016,093.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock valued at $4,155,862 in the last ninety days. Insiders own 0.56% of the company’s stock.

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

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