Sumitomo Mitsui DS Asset Management Company Ltd Purchases 12,479 Shares of Kimberly-Clark Corporation $KMB

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 29.7% in the fourth quarter, Holdings Channel reports. The firm owned 54,489 shares of the company’s stock after acquiring an additional 12,479 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kimberly-Clark were worth $5,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after purchasing an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC increased its stake in Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark News Summary

Here are the key news stories impacting Kimberly-Clark this week:

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $99.56 on Friday. The company has a 50 day moving average price of $99.59 and a 200-day moving average price of $103.00. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The firm has a market capitalization of $33.05 billion, a PE ratio of 15.63, a P/E/G ratio of 4.75 and a beta of 0.29. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. TD Cowen reduced their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Barclays reduced their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.93.

Read Our Latest Analysis on KMB

Insider Buying and Selling

In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock valued at $689,687 over the last quarter. Company insiders own 0.75% of the company’s stock.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

See Also

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

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