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

Rakuten Investment Management Inc. increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 9.9% during the 3rd quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Lynch Investment Planning LLC bought a new position in Kimberly-Clark during the 3rd quarter valued at approximately $26,000. John Boyer Inc. purchased a new stake in Kimberly-Clark in the 3rd quarter worth approximately $28,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $32,000. Ancora Advisors LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $32,000. Finally, Clearstead Trust LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $110.46 on Friday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $116.82. The company has a market cap of $36.74 billion, a P/E ratio of 18.79, a PEG ratio of 6.28 and a beta of 0.25. The firm has a 50-day moving average of $102.62 and a 200 day moving average of $103.19. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $1.70 EPS 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 company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter last year, the business posted $1.82 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 6.83 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Zacks Research lowered Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. BNP Paribas Exane raised their price target on Kimberly-Clark from $101.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Finally, Canaccord Genuity Group initiated coverage on shares of Kimberly-Clark in a research report on Friday, October 23rd. They set a “hold” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.67.

Check Out Our Latest Stock Report on Kimberly-Clark

Key Headlines Impacting Kimberly-Clark

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Kimberly-Clark 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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