Bessemer Group Inc. Raises Holdings in Kimberly-Clark Corporation $KMB

Bessemer Group Inc. boosted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 37.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,590 shares of the company’s stock after buying an additional 3,182 shares during the quarter. Bessemer Group Inc.’s holdings in Kimberly-Clark were worth $1,494,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Nwam LLC raised its holdings in shares of Kimberly-Clark by 1.2% in the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after acquiring an additional 77 shares during the last quarter. TFB Advisors LLC lifted its position in shares of Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after acquiring an additional 82 shares in the last quarter. Silver Coast Investments LLC boosted its stake in shares of Kimberly-Clark by 5.2% during the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after acquiring an additional 83 shares during the last quarter. Leavell Investment Management Inc. increased its position in Kimberly-Clark by 0.7% during the 1st quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after purchasing an additional 85 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Kimberly-Clark by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock valued at $3,264,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $120.21 on Friday. The business’s fifty day moving average price is $124.20 and its 200 day moving average price is $130.22. Kimberly-Clark Corporation has a twelve month low of $116.26 and a twelve month high of $150.45. 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 stock has a market capitalization of $39.88 billion, a P/E ratio of 16.56, a PEG ratio of 3.67 and a beta of 0.30.

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. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KMB shares. Citigroup decreased their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings began coverage on shares of Kimberly-Clark in a research note on Thursday. They set a “hold (c+)” rating on the stock. Evercore ISI decreased their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Piper Sandler lowered their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.00.

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.