Trust Co. of Virginia VA Sells 225 Shares of Kimberly-Clark Corporation (KMB)
Trust Co. of Virginia VA lowered its position in Kimberly-Clark Corporation (NYSE:KMB) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,147 shares of the company’s stock after selling 225 shares during the quarter. Trust Co. of Virginia VA’s holdings in Kimberly-Clark Corporation were worth $1,181,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp increased its holdings in Kimberly-Clark Corporation by 1.3% in the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after acquiring an additional 225,993 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Kimberly-Clark Corporation by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after acquiring an additional 181,517 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Kimberly-Clark Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after buying an additional 55,108 shares in the last quarter. FMR LLC grew its holdings in Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after buying an additional 491,121 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after buying an additional 929,300 shares in the last quarter. 70.40% of the stock is owned by institutional investors.
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Kimberly-Clark Corporation (NYSE KMB) opened at $114.14 on Monday. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market capitalization of $40,149.58, a P/E ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.74. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. research analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
A number of research firms have weighed in on KMB. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Bank of America Corporation cut their price objective on Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG reissued a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $127.14.
Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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