Provenance Wealth Advisors LLC Makes New $511,000 Investment in Kimberly-Clark Corporation $KMB

Provenance Wealth Advisors LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,244 shares of the company’s stock, valued at approximately $511,000.

Several other large investors have also recently modified their holdings of the stock. Associated Banc Corp purchased a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $41,633,000. Integrity Alliance LLC. increased its position in shares of Kimberly-Clark by 3.0% during the third quarter. Integrity Alliance LLC. now owns 16,465 shares of the company’s stock valued at $1,604,000 after acquiring an additional 475 shares in the last quarter. First Nebraska Trust Co purchased a new position in Kimberly-Clark in the 3rd quarter worth approximately $245,000. GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in Kimberly-Clark by 7.1% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 150,072 shares of the company’s stock worth $14,621,000 after acquiring an additional 10,003 shares during the last quarter. Finally, XML Financial LLC lifted its position in Kimberly-Clark by 5.3% in the 3rd quarter. XML Financial LLC now owns 7,550 shares of the company’s stock valued at $736,000 after acquiring an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on KMB shares. Bank of America cut their target price on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. Rothschild & Co Redburn reduced their target price on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a report on Friday, October 9th. Barclays decreased their price target on Kimberly-Clark from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, September 14th. Canaccord Genuity Group initiated coverage on Kimberly-Clark in a report on Friday, October 23rd. They set a “hold” rating and a $105.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $110.67.

Read Our Latest Stock Report on KMB

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $110.46 on Friday. The firm’s 50-day moving average price is $102.62 and its 200-day moving average price is $103.19. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $116.82. The company has a market cap of $36.74 billion, a PE ratio of 14.60, a PEG ratio of 6.28 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts anticipate that Kimberly-Clark Corporation will post 6.83 EPS for the current year.

Kimberly-Clark News Roundup

Here are the key news stories impacting Kimberly-Clark this week:

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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