425,116 Shares of Kimberly-Clark Corporation $KMB Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 425,116 shares of the company’s stock, valued at approximately $41,419,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lynch Investment Planning LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth $26,000. John Boyer Inc. acquired a new position in Kimberly-Clark in the 3rd quarter worth about $28,000. Edmond DE Rothschild Holding S.A. bought a new position in Kimberly-Clark in the second quarter valued at about $32,000. Ancora Advisors LLC bought a new position in Kimberly-Clark in the second quarter valued at about $32,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMB shares. Bank of America cut their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Rothschild & Co Redburn decreased their price target on shares of Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Barclays cut their price target on shares of Kimberly-Clark from $115.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, September 14th. Finally, Canaccord Genuity Group started coverage on shares of Kimberly-Clark in a research note on Friday, October 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.56.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $107.94 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $120.09. The stock’s 50 day moving average is $102.82 and its 200-day moving average is $103.02. The firm has a market capitalization of $35.90 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 5.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. Sell-side analysts forecast that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Company Profile

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.