Kimberly-Clark Corporation $KMB Stock Position Boosted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,975 shares of the company’s stock after purchasing an additional 5,629 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $6,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KMB. BlackRock Inc. bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $3,547,915,000. Thornburg Investment Management Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $632,373,000. Bank of New York Mellon Corp bought a new position in Kimberly-Clark in the second quarter valued at approximately $239,612,000. Legal & General Group Plc bought a new position in Kimberly-Clark in the second quarter valued at approximately $223,668,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Kimberly-Clark in the second quarter valued at approximately $188,902,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMB. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. UBS Group raised their price objective on shares of Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. BNP Paribas Exane raised their price objective on shares of Kimberly-Clark from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Piper Sandler boosted their price objective on shares of Kimberly-Clark from $118.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $113.20.

Trending Headlines about 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 Stock Up 3.2%

KMB stock opened at $111.93 on Tuesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market capitalization of $37.23 billion, a P/E ratio of 11.29, a P/E/G ratio of 6.28 and a beta of 0.25. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $116.82. The business has a 50-day moving average of $102.63 and a 200-day moving average of $103.29.

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

Kimberly-Clark Company Profile