Resona Asset Management Co. Ltd. Has $21.22 Million Position in Kimberly-Clark Corporation $KMB

Resona Asset Management Co. Ltd. increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,877 shares of the company’s stock after buying an additional 4,677 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $21,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $12,854,000. Citigroup Inc. raised its position in Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after purchasing an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Kimberly-Clark by 130.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,845 shares during the period. Finally, United Community Bank raised its holdings in shares of Kimberly-Clark by 340.0% in the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock worth $2,634,000 after buying an additional 14,309 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.7%

Shares of NASDAQ KMB opened at $100.77 on Friday. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The company has a 50-day moving average of $121.61 and a two-hundred day moving average of $128.93. The company has a market cap of $33.44 billion, a PE ratio of 13.88, a P/E/G ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business 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 quarter last year, the business posted $1.83 earnings per share. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday. Weiss Ratings began coverage on shares of Kimberly-Clark in a report on Thursday, October 30th. They issued a “hold (c+)” rating on the stock. Evercore ISI reissued an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.80.

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.