Gulf International Bank UK Ltd Acquires 5,380 Shares of Kimberly Clark Corp (KMB)

Gulf International Bank UK Ltd lifted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 117,747 shares of the company’s stock after acquiring an additional 5,380 shares during the period. Gulf International Bank UK Ltd’s holdings in Kimberly Clark were worth $13,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Capital Management Inc. increased its stake in shares of Kimberly Clark by 800.0% during the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after purchasing an additional 800 shares in the last quarter. Arlington Partners LLC purchased a new stake in Kimberly Clark in the 3rd quarter worth approximately $114,000. Braun Bostich & Associates Inc. grew its stake in Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after acquiring an additional 956 shares during the period. Fort L.P. purchased a new stake in Kimberly Clark in the 2nd quarter worth approximately $125,000. Finally, Polaris Greystone Financial Group LLC grew its stake in Kimberly Clark by 698.7% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,246 shares of the company’s stock worth $142,000 after acquiring an additional 1,090 shares during the period. 74.43% of the stock is owned by institutional investors and hedge funds.

In other news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by insiders.

KMB has been the subject of several recent analyst reports. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Tuesday, October 23rd. Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price for the company. in a research note on Monday, October 8th. Bank of America lifted their target price on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a research note on Wednesday, October 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $100.00 target price on shares of Kimberly Clark in a research note on Monday, October 22nd. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.64.

Shares of NYSE KMB opened at $106.98 on Wednesday. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The firm has a market cap of $36.53 billion, a PE ratio of 17.17, a P/E/G ratio of 2.56 and a beta of 0.67. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.60 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

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Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Further Reading: Compound Interest and Why It Matters When Investing

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

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