TD Waterhouse Canada Inc. Increases Stock Position in Kimberly-Clark Corporation $KMB

TD Waterhouse Canada Inc. lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,952 shares of the company’s stock after purchasing an additional 2,542 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kimberly-Clark were worth $11,576,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Strs Ohio purchased a new stake in Kimberly-Clark in the 1st quarter worth approximately $12,854,000. Citigroup Inc. lifted its position in Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after buying an additional 236,733 shares during the period. Zions Bancorporation National Association UT increased its stake in shares of Kimberly-Clark by 5,204.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after acquiring an additional 31,486 shares during the last quarter. Nuance Investments LLC lifted its holdings in shares of Kimberly-Clark by 35.1% during the 2nd quarter. Nuance Investments LLC now owns 149,384 shares of the company’s stock worth $19,259,000 after acquiring an additional 38,789 shares during the period. Finally, Wealth Alliance LLC acquired a new position in Kimberly-Clark during the second quarter worth approximately $572,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.9%

Shares of KMB opened at $102.37 on Thursday. The stock has a 50-day moving average price of $116.98 and a 200 day moving average price of $127.06. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The company has a market capitalization of $33.97 billion, a P/E ratio of 14.10, a P/E/G ratio of 3.67 and a beta of 0.26. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Weiss Ratings started coverage on shares of Kimberly-Clark in a research report on Thursday, October 30th. They set a “hold (c+)” rating on the stock. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 13th. Finally, Piper Sandler cut their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $128.91.

About Kimberly-Clark

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