HBK Sorce Advisory LLC Has $842,000 Position in Kimberly-Clark Corporation $KMB

HBK Sorce Advisory LLC grew its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,531 shares of the company’s stock after purchasing an additional 328 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Kimberly-Clark were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its position in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the period. Financial Network Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Kimberly-Clark during the first quarter worth $36,000. Finally, Rossby Financial LCC acquired a new position in shares of Kimberly-Clark during the first quarter worth $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Weiss Ratings started coverage on Kimberly-Clark in a research note on Thursday. They issued a “hold (c+)” rating for the company. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays reduced their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Finally, UBS Group lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $120.21 on Friday. The stock has a market capitalization of $39.88 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 3.67 and a beta of 0.30. Kimberly-Clark Corporation has a 52-week low of $116.26 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The stock’s 50 day moving average price is $124.20 and its two-hundred day moving average price is $130.22.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating 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 net margin of 12.87% and a return on equity of 184.87%. Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 EPS. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current 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.