Gladstone Institutional Advisory LLC Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Gladstone Institutional Advisory LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 31.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,291 shares of the company’s stock after buying an additional 779 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Kimberly-Clark were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Human Investing LLC lifted its stake in Kimberly-Clark by 3.6% in the 3rd quarter. Human Investing LLC now owns 3,066 shares of the company’s stock worth $436,000 after purchasing an additional 107 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $47,000. IRON Financial LLC purchased a new position in Kimberly-Clark during the third quarter worth approximately $802,000. AustralianSuper Pty Ltd acquired a new position in Kimberly-Clark during the third quarter worth $3,540,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Kimberly-Clark in the 3rd quarter valued at $911,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.3 %

Shares of KMB stock opened at $134.61 on Monday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a 50 day moving average price of $142.00 and a 200 day moving average price of $139.20. The stock has a market capitalization of $44.89 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Barclays lifted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. TD Cowen started coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Finally, Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $149.93.

About Kimberly-Clark

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.