Levin Capital Strategies L.P. Increases Stock Holdings in Kimberly-Clark Corporation $KMB

Levin Capital Strategies L.P. increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,705 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Kimberly-Clark were worth $2,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC grew its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark during the second quarter valued at about $25,000. Princeton Global Asset Management LLC grew its position in Kimberly-Clark by 989.5% during the second 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. Elequin Capital LP purchased a new stake in Kimberly-Clark during the first quarter valued at about $36,000. Finally, AlphaCore Capital LLC purchased a new stake in Kimberly-Clark during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 14.6%

Shares of NASDAQ KMB opened at $102.27 on Tuesday. The stock’s 50 day moving average price is $123.35 and its two-hundred day moving average price is $129.63. Kimberly-Clark Corporation has a 52-week low of $102.20 and a 52-week high of $150.45. The stock has a market capitalization of $33.93 billion, a P/E ratio of 14.09, a PEG ratio of 3.67 and a beta of 0.30. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMB shares. UBS Group boosted their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen decreased their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday. Citigroup reduced their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $135.89.

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.