Global Wealth Management Investment Advisory Inc. Has $4.09 Million Holdings in Kimberly-Clark Corporation $KMB

Global Wealth Management Investment Advisory Inc. trimmed its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,754 shares of the company’s stock after selling 1,207 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KMB. Nwam LLC raised its holdings in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after buying an additional 77 shares during the period. Mesirow Financial Investment Management Inc. increased its position in shares of Kimberly-Clark by 3.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after acquiring an additional 78 shares in the last quarter. TFB Advisors LLC raised its holdings in shares of Kimberly-Clark by 4.2% during the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after acquiring an additional 82 shares during the period. Silver Coast Investments LLC boosted its stake in Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after purchasing an additional 83 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in Kimberly-Clark by 0.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock worth $3,264,000 after purchasing an additional 85 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday. Citigroup reduced their target price on shares of 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 lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. 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. Finally, JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.80.

Kimberly-Clark Stock Performance

Shares of KMB opened at $103.85 on Friday. The company has a market cap of $34.46 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The firm has a 50-day moving average of $121.10 and a 200-day moving average of $128.62. Kimberly-Clark Corporation has a one year low of $99.22 and a one year 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 earnings results 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 business had revenue of $4.15 billion during 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 revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. As a group, equities analysts forecast 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.