Kimberly-Clark Corporation $KMB Stock Sold by Ethic Inc.

Ethic Inc. lowered its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 11.4% during the third quarter, Holdings Channel reports. The institutional investor owned 54,547 shares of the company’s stock after selling 7,029 shares during the quarter. Ethic Inc.’s holdings in Kimberly-Clark were worth $5,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. StoneX Group Inc. bought a new stake in Kimberly-Clark during the 3rd quarter worth about $301,000. United Advisor Group LLC increased its position in Kimberly-Clark by 30.2% in the 3rd quarter. United Advisor Group LLC now owns 4,422 shares of the company’s stock valued at $431,000 after acquiring an additional 1,025 shares in the last quarter. Plancorp LLC raised its stake in shares of Kimberly-Clark by 28.6% in the third quarter. Plancorp LLC now owns 2,530 shares of the company’s stock worth $273,000 after acquiring an additional 562 shares during the last quarter. Canvas Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 19.0% in the third quarter. Canvas Wealth Advisors LLC now owns 51,724 shares of the company’s stock worth $5,039,000 after acquiring an additional 8,261 shares during the last quarter. Finally, Asset One Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth approximately $384,000. 76.29% of the stock is currently owned by institutional investors.

Key Headlines Impacting Kimberly-Clark

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Bank of America Securities reportedly initiated a Buy rating, while Seeking Alpha highlighted an upgrade and argued short-term concerns could create a buying opportunity. Bank of America Securities rating Seeking Alpha article
• Neutral Sentiment: BNP Paribas Exane raised its target from $110 to $112 and kept a Neutral rating; Barclays raised its target from $106 to $112 and maintained Equal Weight. Both targets imply little upside from the cited share price. BNP Paribas Exane ratings Barclays ratings
• Negative Sentiment: Reports say the Kenvue deal has closed, but organic sales slipped 1.3%. The acquisition’s debt burden may also pressure the balance sheet and Kimberly-Clark’s long-running dividend increases; one report notes last year’s cash flow barely covered the payout. Kenvue deal and organic sales article Dividend and deal risk article

Kimberly-Clark Price Performance

KMB stock opened at $111.93 on Tuesday. The stock has a 50-day moving average price of $102.63 and a two-hundred day moving average price of $103.29. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $116.82. The stock has a market cap of $37.23 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 6.28 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Canaccord Genuity Group assumed coverage on Kimberly-Clark in a report on Friday, October 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen cut their price target on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $113.20.

About Kimberly-Clark