Mutual Advisors LLC Purchases 2,959 Shares of Kimberly-Clark Co. (NYSE:KMB)

Mutual Advisors LLC increased its position in Kimberly-Clark Co. (NYSE:KMB) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,201 shares of the company’s stock after purchasing an additional 2,959 shares during the quarter. Mutual Advisors LLC’s holdings in Kimberly-Clark were worth $3,042,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after acquiring an additional 944,920 shares in the last quarter. Capital World Investors raised its holdings in shares of Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after buying an additional 342,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares during the period. Nordea Investment Management AB boosted its stake in Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock valued at $222,093,000 after buying an additional 48,103 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.1 %

Shares of NYSE KMB opened at $134.44 on Thursday. The company’s 50 day simple moving average is $142.39 and its 200 day simple moving average is $138.98. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The firm has a market capitalization of $45.27 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.89 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.74 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMB shares. Piper Sandler boosted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Company 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.