Kimberly-Clark Corporation $KMB Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 15.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,711 shares of the company’s stock after acquiring an additional 895 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Kimberly-Clark were worth $865,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at $264,000. OneAscent Financial Services LLC raised its position in Kimberly-Clark by 100.6% in the first quarter. OneAscent Financial Services LLC now owns 4,152 shares of the company’s stock valued at $594,000 after purchasing an additional 2,082 shares during the period. J.W. Cole Advisors Inc. lifted its position in Kimberly-Clark by 119.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 15,495 shares of the company’s stock worth $2,204,000 after acquiring an additional 8,437 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Kimberly-Clark by 3.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 25,780 shares of the company’s stock worth $3,666,000 after purchasing an additional 861 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th. Weiss Ratings initiated coverage on shares of Kimberly-Clark in a report on Thursday, October 30th. They issued a “hold (c+)” rating for the company. Royal Bank Of Canada restated an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, TD Cowen lowered their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $128.91.

Kimberly-Clark Stock Down 0.4%

Shares of Kimberly-Clark stock opened at $103.25 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45. The firm has a market capitalization of $34.26 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The stock’s fifty day moving average is $117.50 and its 200-day moving average is $127.23.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results 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 net margin of 12.87% and a return on equity of 184.87%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the firm posted $1.83 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

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.