Prospera Financial Services Inc Sells 1,416 Shares of Kimberly-Clark Corporation $KMB

Prospera Financial Services Inc decreased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,927 shares of the company’s stock after selling 1,416 shares during the period. Prospera Financial Services Inc’s holdings in Kimberly-Clark were worth $765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares in the last quarter. Edgestream Partners L.P. boosted its position in Kimberly-Clark by 458.6% during the 1st quarter. Edgestream Partners L.P. now owns 12,618 shares of the company’s stock worth $1,795,000 after buying an additional 10,359 shares during the period. Wealthfront Advisers LLC boosted its position in Kimberly-Clark by 8.9% during the 1st quarter. Wealthfront Advisers LLC now owns 45,811 shares of the company’s stock worth $6,515,000 after buying an additional 3,757 shares during the period. Larson Financial Group LLC grew its holdings in Kimberly-Clark by 82.1% during the 1st quarter. Larson Financial Group LLC now owns 7,488 shares of the company’s stock worth $1,065,000 after acquiring an additional 3,375 shares during the last quarter. Finally, Bridgewater Advisors Inc. acquired a new position in Kimberly-Clark in the 1st quarter valued at approximately $318,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.3%

Kimberly-Clark stock opened at $104.45 on Friday. The company has a market capitalization of $34.66 billion, a PE ratio of 14.39, a PEG ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45. The firm’s fifty day moving average is $119.09 and its 200 day moving average is $127.84. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61.

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

Analyst Ratings Changes

Several analysts recently weighed in on KMB shares. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday. Evercore ISI reiterated an “in-line” rating and issued a $120.00 price target (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. 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, October 31st. Finally, Citigroup decreased their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $128.91.

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.