Bridgewater Advisors Inc. Buys 496 Shares of Kimberly-Clark Corporation $KMB

Bridgewater Advisors Inc. raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 20.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,932 shares of the company’s stock after buying an additional 496 shares during the period. Bridgewater Advisors Inc.’s holdings in Kimberly-Clark were worth $378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Financial Network Wealth Advisors LLC lifted its position in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth $25,000. Princeton Global Asset Management LLC increased its stake in shares of 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. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter worth about $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth about $37,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings initiated coverage on Kimberly-Clark in a research note on Thursday, October 30th. They issued a “hold (c+)” rating on the stock. UBS Group lifted their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Citigroup dropped their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $135.89.

Kimberly-Clark Trading Down 14.6%

Shares of KMB opened at $102.27 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $102.20 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 firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 3.67 and a beta of 0.30. The stock’s 50-day moving average price is $123.35 and its 200 day moving average price is $129.63.

Kimberly-Clark (NASDAQ:KMB) 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 return on equity of 184.87% and a net margin of 12.87%.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 company posted $1.83 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current 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.