Veritable L.P. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,946 shares of the company’s stock after purchasing an additional 1,312 shares during the period. Veritable L.P.’s holdings in Kimberly-Clark were worth $2,063,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of KMB. Annapolis Financial Services LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Fiduciary Alliance LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $29,000. Barrett & Company Inc. raised its stake in shares of Kimberly-Clark by 1,333.3% during the 2nd quarter. Barrett & Company Inc. now owns 215 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Horizons Wealth Management bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $38,000. Institutional investors own 74.38% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Sanford C. Bernstein raised Kimberly-Clark from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $125.00 to $118.00 in a report on Thursday, October 12th. Bank of America decreased their price objective on Kimberly-Clark from $145.00 to $138.00 in a report on Wednesday, July 26th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating on the stock in a report on Wednesday, October 25th. Finally, HSBC began coverage on Kimberly-Clark in a report on Friday, September 22nd. They issued a “hold” rating and a $133.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.93.
Kimberly-Clark Trading Up 0.3 %
Shares of KMB stock opened at $121.55 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 8.81. The business has a 50-day moving average price of $121.81 and a two-hundred day moving average price of $130.34. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $147.87. The firm has a market cap of $41.08 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.23 and a beta of 0.38.
Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the company posted $1.40 EPS. Kimberly-Clark’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Co. will post 6.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Zackery A. Hicks sold 3,020 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total value of $360,678.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Zackery A. Hicks sold 3,020 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total transaction of $360,678.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the sale, the insider now directly owns 6,228 shares in the company, valued at $808,394.40. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.
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