5,244 Shares in Kimberly-Clark Corporation $KMB Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,244 shares of the company’s stock, valued at approximately $511,000.

Other large investors have also added to or reduced their stakes in the company. Associated Banc Corp purchased a new stake in shares of Kimberly-Clark in the 3rd quarter worth about $41,633,000. Integrity Alliance LLC. raised its stake in Kimberly-Clark by 3.0% in the third quarter. Integrity Alliance LLC. now owns 16,465 shares of the company’s stock worth $1,604,000 after buying an additional 475 shares in the last quarter. First Nebraska Trust Co bought a new position in Kimberly-Clark in the third quarter worth about $245,000. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in Kimberly-Clark by 7.1% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 150,072 shares of the company’s stock worth $14,621,000 after buying an additional 10,003 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in Kimberly-Clark by 5.3% in the third quarter. XML Financial LLC now owns 7,550 shares of the company’s stock worth $736,000 after buying an additional 381 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.5%

Shares of Kimberly-Clark stock opened at $110.46 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a 50-day moving average of $102.62 and a 200 day moving average of $103.19. The firm has a market cap of $36.74 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 6.28 and a beta of 0.25. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $116.82.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 6.83 earnings per share for the current fiscal year.

Trending Headlines about Kimberly-Clark

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Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler cut their price objective on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. DA Davidson increased their target price on Kimberly-Clark from $106.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BNP Paribas Exane raised their target price on Kimberly-Clark from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. TD Cowen lowered their target price on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Finally, Barclays dropped their price target on Kimberly-Clark from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.67.

Get Our Latest Stock Report on KMB

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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