Principal Financial Group Inc. Has $59.25 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Principal Financial Group Inc. increased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 416,419 shares of the company's stock after buying an additional 24,383 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Kimberly-Clark worth $59,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company's stock worth $58,738,000 after purchasing an additional 69,794 shares during the period. Vest Financial LLC boosted its position in shares of Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company's stock worth $49,409,000 after buying an additional 21,339 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Kimberly-Clark in the second quarter worth $14,751,000. Swedbank AB raised its holdings in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company's stock worth $22,956,000 after purchasing an additional 6,392 shares in the last quarter. Finally, PGGM Investments grew its stake in shares of Kimberly-Clark by 84.6% in the 2nd quarter. PGGM Investments now owns 25,927 shares of the company's stock worth $3,583,000 after purchasing an additional 11,882 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. Wells Fargo & Company dropped 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 report on Wednesday, July 24th. Argus raised Kimberly-Clark to a "hold" rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised 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. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Wednesday, October 23rd. Finally, TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $149.93.

Kimberly-Clark Stock Up 1.0 %

Shares of Kimberly-Clark stock traded up $1.36 during trading hours on Friday, hitting $133.61. The company had a trading volume of 1,703,481 shares, compared to its average volume of 2,159,661. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company's 50-day moving average is $140.93 and its two-hundred day moving average is $139.26. The company has a market cap of $44.56 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during 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%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 EPS. Analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Company 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.