PNC Financial Services Group Inc. Has $65.45 Million Stake in Kimberly-Clark Corporation $KMB

PNC Financial Services Group Inc. lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 507,702 shares of the company’s stock after selling 6,317 shares during the period. PNC Financial Services Group Inc. owned approximately 0.15% of Kimberly-Clark worth $65,453,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KMB. Wealth Alliance LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $572,000. Forsta AP Fonden raised its stake in shares of Kimberly-Clark by 35.3% in the second quarter. Forsta AP Fonden now owns 163,300 shares of the company’s stock valued at $21,053,000 after purchasing an additional 42,600 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Kimberly-Clark by 4.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,218 shares of the company’s stock worth $286,000 after purchasing an additional 97 shares during the period. Wealth Quarterback LLC boosted its stake in Kimberly-Clark by 10.1% during the second quarter. Wealth Quarterback LLC now owns 2,047 shares of the company’s stock worth $264,000 after buying an additional 188 shares in the last quarter. Finally, VeraBank N.A. increased its holdings in Kimberly-Clark by 40.8% in the 2nd quarter. VeraBank N.A. now owns 2,243 shares of the company’s stock valued at $289,000 after buying an additional 650 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $104.45 on Friday. The stock has a market capitalization of $34.66 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45. The firm has a 50 day moving average of $119.09 and a 200-day moving average of $127.84.

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

Analyst Ratings Changes

A number of research firms have recently commented on KMB. TD Cowen reduced their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company dropped their target price on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Finally, Citigroup decreased their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Three 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’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $128.91.

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.