TRUE Private Wealth Advisors Increases Stock Position in Kimberly-Clark Corporation $KMB

TRUE Private Wealth Advisors grew its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 13.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,184 shares of the company’s stock after buying an additional 510 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Kimberly-Clark were worth $539,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new position in shares of Kimberly-Clark during the second quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its holdings in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake 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 worth $28,000 after buying an additional 125 shares during the period. Elequin Capital LP acquired a new position in Kimberly-Clark in the 1st quarter valued at about $36,000. Finally, AlphaCore Capital LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $102.85 on Wednesday. The business has a fifty day simple moving average of $117.50 and a 200-day simple moving average of $127.23. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The company has a market cap of $34.13 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.67 and a beta of 0.26. 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 posted its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. TD Cowen dropped their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Piper Sandler decreased their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $128.91.

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.