State of Tennessee Treasury Department cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,077 shares of the company’s stock after selling 48,805 shares during the period. State of Tennessee Treasury Department owned approximately 0.05% of Kimberly-Clark Corporation worth $23,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in Kimberly-Clark Corporation by 1.3% in the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after acquiring an additional 225,993 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Kimberly-Clark Corporation by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after acquiring an additional 55,108 shares in the last quarter. FMR LLC raised its holdings in Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares in the last quarter. APG Asset Management N.V. raised its holdings in Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Kimberly-Clark Corporation by 3.7% in 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. 70.49% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have recently commented on the company. BidaskClub cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. UBS AG cut Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $127.14.

Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $110.79 on Friday. The stock has a market capitalization of $38,971.16, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates 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. equities analysts forecast that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.

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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