Kestra Advisory Services LLC Buys 18,198 Shares of Kimberly-Clark Corporation $KMB

Kestra Advisory Services LLC raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 18.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,171 shares of the company’s stock after buying 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 Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Lynch Investment Planning LLC bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $26,000. Ancora Advisors LLC bought a new position in Kimberly-Clark in the second quarter worth approximately $32,000. John Boyer Inc. bought a new position in Kimberly-Clark in the third quarter worth approximately $28,000. Edmond DE Rothschild Holding S.A. purchased a new position in Kimberly-Clark during the 2nd quarter worth $32,000. Finally, Clearstead Trust LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth $33,000. 76.29% of the stock is currently owned by institutional investors.

Key Stories Impacting Kimberly-Clark

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMB. Wells Fargo & Company lifted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday. Zacks Research downgraded Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Canaccord Genuity Group began coverage on Kimberly-Clark in a research note on Friday, October 23rd. They set a “hold” rating and a $105.00 price target on the stock. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, UBS Group lifted their price objective on Kimberly-Clark from $106.00 to $113.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $113.20.

Get Our Latest Analysis on KMB

Kimberly-Clark Trading Up 3.2%

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. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 6.28 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $116.82. The stock has a fifty day moving average price of $102.63 and a 200-day moving average price of $103.29.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the firm earned $1.82 earnings per share. Kimberly-Clark’s revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.38 earnings per share for the current fiscal year.

About Kimberly-Clark

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Further Reading

Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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