Brooktree Capital Management Makes New $258,000 Investment in Kimberly-Clark Corporation $KMB

Brooktree Capital Management purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares in the last quarter. Penserra Capital Management LLC grew its stake in Kimberly-Clark by 629.0% in the 1st quarter. Penserra Capital Management LLC now owns 6,379 shares of the company’s stock valued at $906,000 after acquiring an additional 5,504 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Kimberly-Clark by 3.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 13,234 shares of the company’s stock valued at $1,882,000 after acquiring an additional 425 shares during the last quarter. Trek Financial LLC grew its stake in Kimberly-Clark by 24.6% in the 1st quarter. Trek Financial LLC now owns 2,889 shares of the company’s stock valued at $411,000 after acquiring an additional 570 shares during the last quarter. Finally, Greenleaf Trust grew its stake in Kimberly-Clark by 2.9% in the 1st quarter. Greenleaf Trust now owns 15,367 shares of the company’s stock valued at $2,185,000 after acquiring an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings started coverage on shares of Kimberly-Clark in a report on Thursday, October 30th. They issued a “hold (c+)” rating on the stock. Citigroup cut their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Royal Bank Of Canada reissued an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, TD Cowen decreased their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.80.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $100.05 on Thursday. The stock has a market capitalization of $33.19 billion, a P/E ratio of 13.78, a PEG ratio of 3.67 and a beta of 0.30. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The business’s fifty day moving average price is $122.16 and its 200 day moving average price is $129.13. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping 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 company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

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.