Prospera Financial Services Inc Has $765,000 Stock Holdings in Kimberly-Clark Corporation $KMB

Prospera Financial Services Inc reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,927 shares of the company’s stock after selling 1,416 shares during the period. Prospera Financial Services Inc’s holdings in Kimberly-Clark were worth $765,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after acquiring an additional 1,339,413 shares during the period. Nuveen LLC bought a new position in shares of Kimberly-Clark during the first quarter worth approximately $106,458,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $91,185,000. Goldman Sachs Group Inc. boosted its stake in Kimberly-Clark by 41.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.3%

Shares of KMB stock opened at $104.45 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $99.22 and a fifty-two week high of $150.45. The stock’s fifty day moving average price is $119.09 and its two-hundred day moving average price is $127.84. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The company has a market cap of $34.66 billion, a PE ratio of 14.39, a P/E/G ratio of 3.67 and a beta of 0.26.

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

Analyst Ratings Changes

Several research firms have weighed in on KMB. Morgan Stanley lowered their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings assumed coverage on shares of Kimberly-Clark in a report on Thursday, October 30th. They issued a “hold (c+)” rating for the company. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $128.91.

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.