Advisors Preferred LLC Has $3.41 Million Position in Kimberly-Clark Corporation $KMB

Advisors Preferred LLC lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 65.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,895 shares of the company’s stock after selling 48,432 shares during the period. Advisors Preferred LLC’s holdings in Kimberly-Clark were worth $3,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rockline Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 1.9% in the second quarter. Rockline Wealth Management LLC now owns 17,614 shares of the company’s stock valued at $2,271,000 after purchasing an additional 332 shares in the last quarter. Prosperity Consulting Group LLC boosted its stake in Kimberly-Clark by 1.3% in the second quarter. Prosperity Consulting Group LLC now owns 17,165 shares of the company’s stock valued at $2,213,000 after acquiring an additional 220 shares during the last quarter. Huntington National Bank boosted its stake in Kimberly-Clark by 3.2% in the second quarter. Huntington National Bank now owns 146,955 shares of the company’s stock valued at $18,945,000 after acquiring an additional 4,514 shares during the last quarter. Transatlantique Private Wealth LLC boosted its stake in Kimberly-Clark by 3.0% in the second quarter. Transatlantique Private Wealth LLC now owns 3,302 shares of the company’s stock valued at $426,000 after acquiring an additional 97 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in Kimberly-Clark by 4.6% in the second quarter. Levin Capital Strategies L.P. now owns 22,705 shares of the company’s stock valued at $2,927,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 14.6%

Shares of KMB stock opened at $102.27 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 1 year low of $102.20 and a 1 year high of $150.45. The firm’s fifty day moving average price is $123.35 and its two-hundred day moving average price is $129.63. The firm has a market capitalization of $33.93 billion, a P/E ratio of 14.09, a PEG ratio of 3.67 and a beta of 0.30.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, October 28th. UBS Group raised their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $135.89.

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.