Vestmark Advisory Solutions Inc. Buys New Stake in Kimberly-Clark Corporation $KMB

Vestmark Advisory Solutions Inc. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,383 shares of the company’s stock, valued at approximately $436,000.

Several other large investors also recently modified their holdings of the stock. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC raised its stake in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter worth about $37,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMB shares. Evercore ISI reissued an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. TD Cowen dropped 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. JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Finally, Piper Sandler reduced 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 report on Thursday, October 2nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.80.

Kimberly-Clark Stock Down 0.1%

Shares of NASDAQ KMB opened at $103.03 on Wednesday. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45. The firm’s 50-day moving average is $120.06 and its 200-day moving average is $128.17. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The firm has a market capitalization 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.

Kimberly-Clark (NASDAQ:KMB) last released its 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 net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts expect 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.