Rakuten Investment Management Inc. Purchases 5,361 Shares of Kimberly-Clark Corporation $KMB

Rakuten Investment Management Inc. lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,653 shares of the company’s stock after buying an additional 5,361 shares during the period. Rakuten Investment Management Inc.’s holdings in Kimberly-Clark were worth $5,905,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $223,668,000. NewEdge Advisors LLC grew its holdings in shares of Kimberly-Clark by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 595,464 shares of the company’s stock valued at $65,364,000 after purchasing an additional 20,300 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at $34,869,000. Bank of America Corp DE raised its position in Kimberly-Clark by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock worth $755,398,000 after purchasing an additional 219,742 shares during the period. Finally, Fifth Third Bancorp raised its position in Kimberly-Clark by 612.5% in the 1st quarter. Fifth Third Bancorp now owns 205,588 shares of the company’s stock worth $19,833,000 after purchasing an additional 176,733 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. Rothschild & Co Redburn reduced their price objective on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. BNP Paribas Exane lifted their price objective on Kimberly-Clark from $101.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $106.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.67.

Read Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $110.46 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $116.82. The stock has a 50 day moving average price of $102.62 and a two-hundred day moving average price of $103.19. The company has a market capitalization of $36.74 billion, a P/E ratio of 18.79, a PEG ratio of 6.28 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corporation will post 6.83 earnings per share for the current year.

More Kimberly-Clark News

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Kimberly-Clark Company Profile

(Free Report)

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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

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