Taylor Hoffman Wealth Management grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 18.5% during the 3rd quarter, Holdings Channel reports. The fund owned 2,783 shares of the company’s stock after purchasing an additional 434 shares during the period. Taylor Hoffman Wealth Management’s holdings in Kimberly Clark were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its holdings in shares of Kimberly Clark by 10.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 805 shares of the company’s stock valued at $114,000 after acquiring an additional 78 shares during the last quarter. Whitnell & Co. boosted its holdings in Kimberly Clark by 49.2% during the third quarter. Whitnell & Co. now owns 9,111 shares of the company’s stock worth $1,294,000 after buying an additional 3,003 shares in the last quarter. DT Investment Partners LLC boosted its holdings in Kimberly Clark by 1.3% during the third quarter. DT Investment Partners LLC now owns 43,702 shares of the company’s stock worth $6,208,000 after buying an additional 578 shares in the last quarter. Principle Wealth Partners LLC boosted its holdings in Kimberly Clark by 5.5% during the third quarter. Principle Wealth Partners LLC now owns 3,840 shares of the company’s stock worth $545,000 after buying an additional 200 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new stake in Kimberly Clark during the third quarter worth $114,000. 72.31% of the stock is currently owned by institutional investors and hedge funds.
NYSE:KMB traded down $0.30 during trading hours on Friday, reaching $131.46. 1,075,695 shares of the company were exchanged, compared to its average volume of 1,738,013. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. The stock’s 50-day moving average is $136.20 and its 200-day moving average is $134.85. The firm has a market cap of $44.69 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.52. Kimberly Clark Corp has a twelve month low of $106.59 and a twelve month high of $143.50.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.04. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, research analysts anticipate that Kimberly Clark Corp will post 6.85 EPS for the current year.
A number of analysts recently issued reports on the stock. Deutsche Bank raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and increased their price target for the stock from $123.00 to $124.00 in a report on Tuesday, October 22nd. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays raised shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $144.00 to $152.00 in a report on Monday, September 23rd. Wells Fargo & Co increased their price target on shares of Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a report on Tuesday, October 15th. Finally, Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $139.33.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the transaction, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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