Impact Partnership Wealth LLC Takes Position in Kimberly-Clark Corporation $KMB

Impact Partnership Wealth LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,620 shares of the company’s stock, valued at approximately $467,000.

Other large investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in Kimberly-Clark during the first quarter worth $12,854,000. Citigroup Inc. raised its stake in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after purchasing an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. United Community Bank raised its stake in shares of Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock worth $2,634,000 after purchasing an additional 14,309 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Kimberly-Clark by 130.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock worth $1,102,000 after purchasing an additional 4,845 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings initiated coverage on shares of Kimberly-Clark in a research note on Thursday. They issued a “hold (c+)” rating for the company. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Piper Sandler cut their price target 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, JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Price Performance

Shares of KMB opened at $120.21 on Friday. The firm has a market capitalization of $39.88 billion, a PE ratio of 16.56, a PEG ratio of 3.67 and a beta of 0.30. The company’s 50-day moving average is $124.20 and its 200-day moving average is $130.22. Kimberly-Clark Corporation has a fifty-two week low of $116.26 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

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.