First Horizon Advisors Inc. Increases Holdings in Kimberly-Clark Corporation $KMB

First Horizon Advisors Inc. grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,986 shares of the company’s stock after acquiring an additional 955 shares during the quarter. First Horizon Advisors Inc.’s holdings in Kimberly-Clark were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Genus Capital Management Inc. increased its stake in Kimberly-Clark by 17.9% during the 2nd quarter. Genus Capital Management Inc. now owns 73,078 shares of the company’s stock valued at $9,421,000 after purchasing an additional 11,110 shares in the last quarter. Ellevest Inc. grew its holdings in shares of Kimberly-Clark by 7.6% during the second quarter. Ellevest Inc. now owns 1,894 shares of the company’s stock valued at $244,000 after buying an additional 134 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Kimberly-Clark by 6.2% during the second quarter. Crestwood Advisors Group LLC now owns 35,151 shares of the company’s stock valued at $4,532,000 after buying an additional 2,039 shares during the last quarter. Rockline Wealth Management LLC increased its position in shares of Kimberly-Clark by 1.9% during the second quarter. Rockline Wealth Management LLC now owns 17,614 shares of the company’s stock valued at $2,271,000 after acquiring an additional 332 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its holdings in Kimberly-Clark by 1.3% in the 2nd quarter. Prosperity Consulting Group LLC now owns 17,165 shares of the company’s stock worth $2,213,000 after acquiring an additional 220 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $100.77 on Friday. 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 $33.44 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The firm has a 50 day moving average of $121.61 and a 200 day moving average of $128.93.

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

Wall Street Analyst Weigh In

Several analysts have commented on KMB shares. Wells Fargo & Company cut their target price on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. TD Cowen decreased their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Piper Sandler lowered their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Citigroup decreased their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $129.80.

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.