AustralianSuper Pty Ltd Makes New $3.54 Million Investment in Kimberly-Clark Co. (NYSE:KMB)

AustralianSuper Pty Ltd bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 24,884 shares of the company’s stock, valued at approximately $3,540,000.

A number of other large investors have also added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark during the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $134.18 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $44.75 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.82 and a beta of 0.39. The firm’s 50 day simple moving average is $142.18 and its 200-day simple moving average is $138.94. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays increased their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. TD Cowen assumed coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $149.93.

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.