Kimberly-Clark Corporation $KMB Stock: Kestra Advisory Services LLC Boosts Position

Kestra Advisory Services LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 18.4% during the third quarter, Holdings Channel reports. The firm owned 117,171 shares of the company’s stock after acquiring an additional 18,198 shares during the period. Kestra Advisory Services LLC’s holdings in Kimberly-Clark were worth $11,566,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KMB. Lynch Investment Planning LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth approximately $26,000. John Boyer Inc. acquired a new stake in Kimberly-Clark during the 3rd quarter valued at approximately $28,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. Ancora Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 3.2%

Shares of NASDAQ:KMB opened at $111.93 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $116.82. The business has a 50 day moving average of $102.63 and a two-hundred day moving average of $103.29. The company has a market capitalization of $37.23 billion, a PE ratio of 11.29, a PEG ratio of 6.28 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.38 EPS for the current year.

Kimberly-Clark News Roundup

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Bank of America Securities reportedly initiated a Buy rating, while Seeking Alpha highlighted an upgrade and argued short-term concerns could create a buying opportunity. Bank of America Securities rating Seeking Alpha article
• Neutral Sentiment: BNP Paribas Exane raised its target from $110 to $112 and kept a Neutral rating; Barclays raised its target from $106 to $112 and maintained Equal Weight. Both targets imply little upside from the cited share price. BNP Paribas Exane ratings Barclays ratings
• Negative Sentiment: Reports say the Kenvue deal has closed, but organic sales slipped 1.3%. The acquisition’s debt burden may also pressure the balance sheet and Kimberly-Clark’s long-running dividend increases; one report notes last year’s cash flow barely covered the payout. Kenvue deal and organic sales article Dividend and deal risk article

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Barclays upped their price target on shares of Kimberly-Clark from $106.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Zacks Research downgraded Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.20.

Kimberly-Clark Profile