Kimberly-Clark Corporation $KMB Shares Purchased by VeraBank N.A.

VeraBank N.A. boosted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 40.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,243 shares of the company’s stock after purchasing an additional 650 shares during the period. VeraBank N.A.’s holdings in Kimberly-Clark were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vise Technologies Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at about $2,207,000. Allworth Financial LP lifted its position in Kimberly-Clark by 3.0% during the 2nd quarter. Allworth Financial LP now owns 14,568 shares of the company’s stock worth $1,878,000 after acquiring an additional 428 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Kimberly-Clark by 13.6% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 149,060 shares of the company’s stock valued at $19,217,000 after purchasing an additional 17,822 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Kimberly-Clark by 11.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,926 shares of the company’s stock valued at $263,000 after purchasing an additional 197 shares during the last quarter. Finally, Nuance Investments LLC increased its holdings in shares of Kimberly-Clark by 35.1% in the second quarter. Nuance Investments LLC now owns 149,384 shares of the company’s stock valued at $19,259,000 after purchasing an additional 38,789 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KMB. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Evercore ISI restated an “in-line” rating and issued a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. UBS Group lifted their target price on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Piper Sandler cut their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $129.80.

Kimberly-Clark Stock Performance

Shares of KMB opened at $103.03 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 52-week low of $99.22 and a 52-week high of $150.45. The company has a 50-day simple moving average of $120.06 and a 200-day simple moving average of $128.17. The company has a market capitalization of $34.19 billion, a PE ratio of 14.19, a P/E/G ratio of 3.67 and a beta of 0.26.

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

Kimberly-Clark Profile

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.