5,629 Kimberly-Clark Corporation $KMB Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 9.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,975 shares of the company’s stock after acquiring an additional 5,629 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $6,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mystic Asset Management Inc. lifted its position in Kimberly-Clark by 0.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company’s stock worth $1,983,000 after buying an additional 109 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Kimberly-Clark by 0.6% in the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after acquiring an additional 121 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of Kimberly-Clark by 2.0% in the 3rd quarter. Annex Advisory Services LLC now owns 6,533 shares of the company’s stock valued at $637,000 after acquiring an additional 125 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 3.9% in the 3rd quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after acquiring an additional 129 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its position in shares of Kimberly-Clark by 37.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company’s stock valued at $50,000 after acquiring an additional 141 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $111.93 on Tuesday. The stock has a market cap 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. 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 company has a fifty day moving average price of $102.63 and a two-hundred day moving average price of $103.29. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.13 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KMB shares. Piper Sandler upped their target price on Kimberly-Clark from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday. Rothschild & Co Redburn reduced their price target on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Zacks Research lowered Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Canaccord Genuity Group began coverage on Kimberly-Clark in a research report on Friday, October 23rd. They set a “hold” rating and a $105.00 price target on the stock. Finally, Barclays upped their price objective on Kimberly-Clark from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Monday. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $113.20.

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 Company Profile