South State Corp lowered its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,782 shares of the company’s stock after selling 32 shares during the quarter. South State Corp’s holdings in Kimberly-Clark Corporation were worth $617,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KMB. Martin Investment Management LLC acquired a new stake in Kimberly-Clark Corporation during the second quarter valued at $443,000. Pax World Management LLC grew its position in Kimberly-Clark Corporation by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after buying an additional 200 shares during the period. Boston Family Office LLC grew its position in Kimberly-Clark Corporation by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after buying an additional 90 shares during the period. Legal & General Group Plc grew its position in Kimberly-Clark Corporation by 3.7% during 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. Finally, Strategy Asset Managers LLC grew its position in Kimberly-Clark Corporation by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after buying an additional 1,390 shares during the period. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Kimberly-Clark Corporation (NYSE:KMB) opened at $114.55 on Wednesday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The firm has a market cap of $40,596.31, a PE ratio of 18.89, a PEG ratio of 3.00 and a beta of 0.74. Kimberly-Clark Corporation has a 52 week low of $109.67 and a 52 week high of $136.21.

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

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KMB has been the topic of several analyst reports. Bank of America Corporation dropped 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. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup Inc. dropped their price target on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Kimberly-Clark Corporation has a consensus 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.

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

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