Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 604,339 shares of the company’s stock after buying an additional 92,646 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.18% of Kimberly-Clark worth $85,985,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Confluence Wealth Services Inc. acquired a new stake in Kimberly-Clark during the 3rd quarter worth $221,000. Janney Montgomery Scott LLC raised its stake in Kimberly-Clark by 2.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 278,230 shares of the company’s stock worth $39,587,000 after acquiring an additional 5,906 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Kimberly-Clark by 2.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,585 shares of the company’s stock worth $764,000 after acquiring an additional 151 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kimberly-Clark by 26.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,311 shares of the company’s stock worth $1,182,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in Kimberly-Clark by 10.1% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 31,624 shares of the company’s stock worth $4,538,000 after acquiring an additional 2,905 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMB has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Down 0.6 %

Kimberly-Clark stock opened at $133.74 on Tuesday. The firm’s 50-day moving average is $141.79 and its 200-day moving average is $139.25. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a market cap of $44.60 billion, a P/E ratio of 17.35, a PEG ratio of 2.82 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

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.