M Holdings Securities Inc. acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,322 shares of the company’s stock, valued at approximately $542,000.
Other institutional investors also recently modified their holdings of the company. Mystic Asset Management Inc. grew its holdings in Kimberly-Clark by 0.5% in the third quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company’s stock worth $1,983,000 after purchasing an additional 109 shares during the period. Assetmark Inc. increased its stake in Kimberly-Clark by 0.6% in the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after purchasing an additional 121 shares in the last quarter. Annex Advisory Services LLC increased its stake in Kimberly-Clark by 2.0% in the third quarter. Annex Advisory Services LLC now owns 6,533 shares of the company’s stock valued at $637,000 after purchasing an additional 125 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 3.9% during the third quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after purchasing an additional 129 shares during the period. Finally, Pension & Wealth Management Advisors Inc. raised its holdings in shares of Kimberly-Clark by 37.5% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company’s stock valued at $50,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Stock Down 1.0%
Kimberly-Clark stock opened at $110.76 on Wednesday. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 6.69 and a beta of 0.25. The firm’s fifty day moving average price is $102.69 and its two-hundred day moving average price is $103.33. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $116.82. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.41 earnings per share for the current fiscal year.
Key Stories Impacting Kimberly-Clark
Here are the key news stories impacting Kimberly-Clark this week:
- Positive Sentiment: Kimberly-Clark has raised its dividend for 55 consecutive years, a record that may appeal to income-focused investors. The article discusses the income potential of a $10,000 investment, though it does not report a new dividend increase. Article: Kimberly-Clark Has Raised Its Dividend for 55 Straight Years
- Neutral Sentiment: BNP Paribas Exane and Barclays raised their price targets to $112, but both maintained neutral or equal-weight ratings, signaling limited conviction in near-term upside. BNP Paribas Exane ratings Barclays ratings
- Neutral Sentiment: A report characterized analysts as neutral on Kimberly-Clark, reinforcing a cautious view rather than pointing to a clear positive catalyst. Article: Analysts Are Neutral on These Consumer Goods Stocks
- Neutral Sentiment: A short-interest report lists zero shares short and zero days to cover, despite describing short interest as having increased. The figures are inconsistent, so they offer no reliable bearish signal.
- Negative Sentiment: A separate article says Kimberly-Clark is facing several challenges, which may weigh on investor sentiment, though the provided summary does not specify them. Article: What’s Wrong With Kimberly-Clark Stock?
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of 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 report on Friday, October 23rd. They issued a “hold” rating and a $105.00 target price for the company. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, November 6th. TD Cowen dropped their price target on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $106.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.20.
Get Our Latest Analysis on KMB
About Kimberly-Clark
Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.
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