Merriman Wealth Management LLC bought a new stake in Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,616 shares of the company’s stock, valued at approximately $184,000.

A number of other large investors have also recently modified their holdings of KMB. Massachusetts Financial Services Co. MA increased its stake in Kimberly Clark by 96.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock valued at $506,642,000 after purchasing an additional 2,365,565 shares in the last quarter. Macquarie Group Ltd. increased its stake in Kimberly Clark by 1,402.1% in the second quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock valued at $229,937,000 after purchasing an additional 2,037,488 shares in the last quarter. American Century Companies Inc. increased its position in shares of Kimberly Clark by 121.8% during the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after acquiring an additional 1,361,325 shares in the last quarter. Beutel Goodman & Co Ltd. bought a new stake in shares of Kimberly Clark during the third quarter worth $65,232,000. Finally, LSV Asset Management bought a new stake in shares of Kimberly Clark during the second quarter worth $64,686,000. 74.43% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the transaction, the insider now owns 6,122 shares in the company, valued at $718,355.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

KMB has been the subject of several research reports. Deutsche Bank increased their price objective on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $124.00 to $116.00 in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $96.00 price objective on shares of Kimberly Clark in a research report on Friday, July 13th. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $105.64.

Shares of KMB opened at $109.45 on Friday. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $123.77. The firm has a market cap of $37.22 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Merriman Wealth Management LLC Invests $184,000 in Kimberly Clark Corp (KMB) Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2018/11/10/merriman-wealth-management-llc-invests-184000-in-kimberly-clark-corp-kmb-stock.html.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

See Also: What are retained earnings?

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.