Kimberly-Clark Corporation $KMB Stock Position Lifted by Welch Group LLC

Welch Group LLC boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 472,336 shares of the company’s stock after buying an additional 10,565 shares during the quarter. Welch Group LLC’s holdings in Kimberly-Clark were worth $46,020,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMB. Legal & General Group Plc acquired a new position in shares of Kimberly-Clark during the second quarter valued at $223,668,000. NewEdge Advisors LLC increased its position in Kimberly-Clark by 3.5% in the second quarter. NewEdge Advisors LLC now owns 595,464 shares of the company’s stock worth $65,364,000 after purchasing an additional 20,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kimberly-Clark during the 2nd quarter worth about $34,869,000. Bank of America Corp DE raised its holdings in Kimberly-Clark by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock worth $755,398,000 after purchasing an additional 219,742 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Kimberly-Clark by 612.5% during the 1st quarter. Fifth Third Bancorp now owns 205,588 shares of the company’s stock valued at $19,833,000 after purchasing an additional 176,733 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. TD Cowen cut their price objective on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, October 26th. Canaccord Genuity Group assumed coverage on shares of Kimberly-Clark in a research note on Friday, October 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Finally, Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.56.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $107.94 on Monday. The company has a 50 day moving average of $102.82 and a 200-day moving average of $103.02. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $120.09. The stock has a market capitalization of $35.90 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 5.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Company Profile

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.