Savvy Advisors Inc. Acquires 952 Shares of Kimberly-Clark Corporation $KMB

by · The Cerbat Gem

Savvy Advisors Inc. raised its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 62.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,470 shares of the company’s stock after acquiring an additional 952 shares during the quarter. Savvy Advisors Inc.’s holdings in Kimberly-Clark were worth $318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the second quarter worth $25,000. Princeton Global Asset Management LLC raised its holdings in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Financial Network Wealth Advisors LLC raised 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 during the period. Elequin Capital LP acquired a new stake in Kimberly-Clark in the first quarter worth $36,000. Finally, Rossby Financial LCC acquired a new stake in Kimberly-Clark in the first quarter worth $37,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.4%

Shares of NASDAQ:KMB opened at $119.71 on Friday. Kimberly-Clark Corporation has a 12 month low of $116.26 and a 12 month high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The company’s fifty day simple moving average is $123.92 and its 200 day simple moving average is $129.98. The firm has a market cap of $39.72 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 3.67 and a beta of 0.30.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business earned $1.83 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on KMB. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday. Piper Sandler cut their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Citigroup dropped their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Finally, UBS Group raised their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $135.78.

View Our Latest Research Report on KMB

About Kimberly-Clark

(Free Report)

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.

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