110,512 Shares in Kimberly Clark Corp (KMB) Acquired by Assenagon Asset Management S.A.

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Assenagon Asset Management S.A. acquired a new position in shares of Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, Holdings Channel reports. The fund acquired 110,512 shares of the company’s stock, valued at approximately $12,559,000.

Other institutional investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. grew its stake in Kimberly Clark by 127.3% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 85,458 shares of the company’s stock worth $9,712,000 after acquiring an additional 47,855 shares during the period. CWM LLC grew its stake in Kimberly Clark by 217.6% in the 3rd quarter. CWM LLC now owns 4,466 shares of the company’s stock worth $508,000 after acquiring an additional 3,060 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Kimberly Clark in the 3rd quarter worth approximately $409,000. Northstar Group Inc. purchased a new stake in Kimberly Clark in the 3rd quarter worth approximately $252,000. Finally, Aspiriant LLC purchased a new stake in Kimberly Clark in the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.

In other news, insider Anthony J. Palmer sold 6,445 shares of the business’s 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 sale, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Several research firms have commented on KMB. Morgan Stanley lifted their target price on shares of Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, August 31st. Citigroup lifted their target price on shares of Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 18th. JPMorgan Chase & Co. raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $90.00 to $86.00 in a research note on Thursday, August 16th. Finally, Deutsche Bank lifted their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.64.

Shares of NYSE KMB opened at $106.23 on Wednesday. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The firm has a market cap of $35.43 billion, a PE ratio of 17.05, a P/E/G ratio of 2.48 and a beta of 0.70. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.60 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

Kimberly Clark 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.

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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)

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