Kimberly-Clark Corporation $KMB Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 438,796 shares of the company’s stock after selling 7,046 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of Kimberly-Clark worth $56,570,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after buying an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after purchasing an additional 674,046 shares during the period. Geode Capital Management LLC increased its holdings in Kimberly-Clark by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock valued at $1,065,423,000 after purchasing an additional 363,865 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after purchasing an additional 566,152 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Kimberly-Clark by 3.1% during the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after purchasing an additional 173,915 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.3%

Shares of NASDAQ:KMB opened at $103.66 on Tuesday. The firm has a market cap of $34.40 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a fifty day simple moving average of $118.05 and a 200 day simple moving average of $127.42. 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 12-month low of $99.22 and a 12-month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $1.83 EPS. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMB. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Evercore ISI reaffirmed an “in-line” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. UBS Group lifted 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. Piper Sandler lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Barclays set a $132.00 price objective on shares of Kimberly-Clark in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $128.91.

Kimberly-Clark 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.