Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Kimberly-Clark Corporation $KMB

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.3% during the 2nd quarter, Holdings Channel reports. The firm owned 673,096 shares of the company’s stock after purchasing an additional 34,016 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $86,776,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nwam LLC lifted its holdings in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after buying an additional 78 shares in the last quarter. TFB Advisors LLC boosted its holdings in Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after buying an additional 82 shares during the period. Silver Coast Investments LLC grew its stake in Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after buying an additional 83 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Kimberly-Clark by 0.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock valued at $3,264,000 after acquiring an additional 85 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 3.1%

Kimberly-Clark stock opened at $103.85 on Monday. The business’s 50-day simple moving average is $121.10 and its two-hundred day simple moving average is $128.58. The company has a market cap of $34.46 billion, a PE ratio of 14.30, a PEG ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $99.22 and a fifty-two week high of $150.45. 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 posted 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. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.83 EPS. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. Barclays set a $132.00 price target on Kimberly-Clark in a report on Monday, November 3rd. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. UBS Group boosted their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. TD Cowen reduced their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, Citigroup dropped their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $129.80.

Kimberly-Clark Company Profile

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.