Howard Capital Management Inc. Acquires 416 Shares of Kimberly-Clark Corporation $KMB

Howard Capital Management Inc. increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 22.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,253 shares of the company’s stock after acquiring an additional 416 shares during the period. Howard Capital Management Inc.’s holdings in Kimberly-Clark were worth $293,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after acquiring an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after acquiring an additional 674,046 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after acquiring an additional 566,152 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after acquiring an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Kimberly-Clark by 0.9% in the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after acquiring an additional 29,453 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $120.21 on Friday. Kimberly-Clark Corporation has a one year low of $116.26 and a one year high of $150.45. The business has a fifty day moving average price of $124.20 and a 200-day moving average price of $130.22. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The firm 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 posted its quarterly earnings results 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 return on equity of 184.87% and a net margin of 12.87%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KMB. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Evercore ISI lowered their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Barclays lowered their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, UBS Group lowered their target price 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.