M Holdings Securities Inc. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 5,322 shares of the company’s stock, valued at approximately $542,000.
Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Avantax Planning Partners Inc. boosted its stake in shares of Kimberly-Clark by 8.6% in the 3rd quarter. Avantax Planning Partners Inc. now owns 31,603 shares of the company’s stock worth $3,079,000 after buying an additional 2,501 shares during the last quarter. Candriam S.C.A. increased its position in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Candriam S.C.A. now owns 28,442 shares of the company’s stock valued at $2,781,000 after purchasing an additional 1,007 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $301,000. United Advisor Group LLC raised its stake in shares of Kimberly-Clark by 30.2% during the 3rd quarter. United Advisor Group LLC now owns 4,422 shares of the company’s stock worth $431,000 after purchasing an additional 1,025 shares during the period. Finally, Plancorp LLC raised its stake in shares of Kimberly-Clark by 28.6% during the 3rd quarter. Plancorp LLC now owns 2,530 shares of the company’s stock worth $273,000 after purchasing an additional 562 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Analysts Set New Price Targets
KMB has been the subject of several research reports. Zacks Research lowered shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Rothschild & Co Redburn lowered their price objective on shares of Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. DA Davidson boosted their target price on shares of Kimberly-Clark from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Barclays increased their target price on shares of Kimberly-Clark from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $113.20.
View Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Trading Down 1.0%
Shares of KMB opened at $110.76 on Wednesday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $116.82. The business has a 50-day moving average of $102.69 and a 200 day moving average of $103.33. The firm has a market cap of $36.84 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 6.69 and a beta of 0.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.41 EPS for the current year.
Key Kimberly-Clark News
Here are the key news stories impacting Kimberly-Clark this week:
- Positive Sentiment: Kimberly-Clark has raised its dividend for 55 consecutive years, a record that may appeal to income-focused investors. The article discusses the income potential of a $10,000 investment, though it does not report a new dividend increase. Article: Kimberly-Clark Has Raised Its Dividend for 55 Straight Years
- Neutral Sentiment: BNP Paribas Exane and Barclays raised their price targets to $112, but both maintained neutral or equal-weight ratings, signaling limited conviction in near-term upside. BNP Paribas Exane ratings Barclays ratings
- Neutral Sentiment: A report characterized analysts as neutral on Kimberly-Clark, reinforcing a cautious view rather than pointing to a clear positive catalyst. Article: Analysts Are Neutral on These Consumer Goods Stocks
- Neutral Sentiment: A short-interest report lists zero shares short and zero days to cover, despite describing short interest as having increased. The figures are inconsistent, so they offer no reliable bearish signal.
- Negative Sentiment: A separate article says Kimberly-Clark is facing several challenges, which may weigh on investor sentiment, though the provided summary does not specify them. Article: What’s Wrong With Kimberly-Clark Stock?
Kimberly-Clark Profile
Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.
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