Advisors Management Group Inc. ADV Has $466,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Advisors Management Group Inc. ADV increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 31.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,275 shares of the company’s stock after purchasing an additional 784 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Kimberly-Clark were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norden Group LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at about $503,000. Csenge Advisory Group increased its position in Kimberly-Clark by 5.6% during the 1st quarter. Csenge Advisory Group now owns 2,332 shares of the company’s stock valued at $302,000 after purchasing an additional 123 shares during the period. Manchester Capital Management LLC grew its position in shares of Kimberly-Clark by 13.1% during the 1st quarter. Manchester Capital Management LLC now owns 1,175 shares of the company’s stock worth $152,000 after buying an additional 136 shares during the period. Empirical Finance LLC increased its position in Kimberly-Clark by 3.5% in the 1st quarter. Empirical Finance LLC now owns 12,228 shares of the company’s stock valued at $1,582,000 after buying an additional 409 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Kimberly-Clark by 10.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock worth $8,728,000 after purchasing an additional 6,458 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE KMB opened at $131.64 on Thursday. The company has a market cap of $43.90 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business’s 50 day moving average price is $141.37 and its 200-day moving average price is $139.26. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Sell-side analysts predict that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on KMB. UBS Group lowered their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Company 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.