Ground Swell Capital LLC Acquires Shares of 1,917 Kimberly-Clark Co. (NYSE:KMB)

Ground Swell Capital LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 1,917 shares of the company’s stock, valued at approximately $273,000.

Several other large investors have also recently modified their holdings of KMB. Norden Group LLC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at $503,000. Diversify Advisory Services LLC bought a new position in Kimberly-Clark during the 1st quarter valued at about $307,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in Kimberly-Clark by 6.1% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,484 shares of the company’s stock worth $1,097,000 after purchasing an additional 489 shares during the last quarter. Choreo LLC boosted its position in shares of Kimberly-Clark by 9.2% during the first quarter. Choreo LLC now owns 4,231 shares of the company’s stock valued at $547,000 after buying an additional 355 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $130,000. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

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

Kimberly-Clark Price Performance

NYSE:KMB opened at $134.61 on Monday. The stock 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 cap of $44.89 billion, a PE ratio of 17.46, a P/E/G 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 Co. has a one year low of $117.67 and a one year high of $149.30.

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. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

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.