Bank of Montreal Can Sells 67,052 Shares of Kimberly-Clark Corporation $KMB

Bank of Montreal Can lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 427,151 shares of the company’s stock after selling 67,052 shares during the quarter. Bank of Montreal Can’s holdings in Kimberly-Clark were worth $55,068,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Financial Network Wealth Advisors LLC boosted its position in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the second quarter valued at $25,000. Princeton Global Asset Management LLC lifted its stake in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the period. Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $100.05 on Thursday. The company has a market capitalization of $33.19 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. 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 Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The business has a 50-day simple moving average of $122.16 and a two-hundred day simple moving average of $129.13.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) 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 the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. Research analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler dropped their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Barclays set a $132.00 price target on Kimberly-Clark in a research note on Monday. Citigroup dropped 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. UBS Group boosted their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.