Vestmark Advisory Solutions Inc. Invests $436,000 in Kimberly-Clark Corporation $KMB

Vestmark Advisory Solutions Inc. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,383 shares of the company’s stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark in the second quarter worth approximately $25,000. Princeton Global Asset Management LLC lifted its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP acquired a new position in Kimberly-Clark during the first quarter worth $36,000. Finally, AlphaCore Capital LLC bought a new position in Kimberly-Clark during the first quarter valued at about $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.1%

Shares of KMB stock opened at $103.03 on Wednesday. The firm has a market capitalization of $34.19 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45. The firm’s fifty day simple moving average is $120.06 and its 200 day simple moving average is $128.17. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm earned $1.83 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. TD Cowen reduced their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Citigroup lowered their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Piper Sandler dropped their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $129.80.

Kimberly-Clark 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.