Kimberly-Clark Corporation $KMB Shares Purchased by VeraBank N.A.

VeraBank N.A. raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,243 shares of the company’s stock after acquiring an additional 650 shares during the quarter. VeraBank N.A.’s holdings in Kimberly-Clark were worth $289,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KMB. Strs Ohio acquired a new position in Kimberly-Clark during the 1st quarter worth $12,854,000. Citigroup Inc. raised its position in Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after purchasing an additional 236,733 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of Kimberly-Clark by 5,204.3% in the 2nd quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after buying an additional 31,486 shares during the period. Nuance Investments LLC grew its position in shares of Kimberly-Clark by 35.1% during the second quarter. Nuance Investments LLC now owns 149,384 shares of the company’s stock worth $19,259,000 after buying an additional 38,789 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Kimberly-Clark by 130.9% during the second quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock worth $1,102,000 after buying an additional 4,845 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $103.03 on Wednesday. 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 Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The stock has a market cap of $34.19 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The firm has a fifty day moving average price of $120.06 and a 200 day moving average price of $128.17.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KMB shares. Piper Sandler decreased 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. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday, October 28th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a research note on Monday, November 3rd. Citigroup dropped their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Finally, TD Cowen decreased their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $129.80.

About Kimberly-Clark

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.