Creative Financial Designs Inc. ADV Boosts Stake in Kimberly-Clark Corporation $KMB

Creative Financial Designs Inc. ADV boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2,783.4% in the second quarter, Holdings Channel reports. The fund owned 7,641 shares of the company’s stock after purchasing an additional 7,376 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Kimberly-Clark were worth $985,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio purchased a new stake in Kimberly-Clark during the first quarter valued at $12,854,000. Citigroup Inc. increased its position in Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the period. United Community Bank grew its holdings in Kimberly-Clark by 340.0% during the first quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after purchasing an additional 14,309 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Kimberly-Clark by 130.9% during the second quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,845 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI cut their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. UBS Group boosted their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen cut their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday. Finally, Barclays cut their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $135.78.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $119.71 on Friday. The firm has a market cap of $39.72 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The business has a 50-day moving average price of $123.92 and a 200-day moving average price of $130.06. Kimberly-Clark Corporation has a twelve month low of $116.26 and a twelve month high of $150.45.

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

About Kimberly-Clark

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.