2,358 Shares in Kimberly-Clark Corporation $KMB Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,358 shares of the company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nwam LLC grew its holdings in Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after buying an additional 77 shares in the last quarter. TFB Advisors LLC boosted its stake in Kimberly-Clark by 4.2% during the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after purchasing an additional 82 shares in the last quarter. Silver Coast Investments LLC boosted its stake in Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after purchasing an additional 83 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Kimberly-Clark by 0.7% during the 1st quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock valued at $1,702,000 after purchasing an additional 85 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Kimberly-Clark by 0.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock valued at $3,264,000 after purchasing an additional 85 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KMB shares. Barclays decreased their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings started coverage on Kimberly-Clark in a research note on Thursday. They set a “hold (c+)” rating for the company. UBS Group increased their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, TD Cowen decreased their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $135.78.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $119.71 on Monday. Kimberly-Clark Corporation has a one year low of $116.26 and a one year high of $150.45. The stock has a fifty day moving average of $123.92 and a 200-day moving average of $129.91. The company has a market capitalization of $39.72 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal 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.