Gladstone Institutional Advisory LLC Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

by · The Cerbat Gem

Gladstone Institutional Advisory LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 31.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,291 shares of the company’s stock after purchasing an additional 779 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Kimberly-Clark were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the last quarter. Wulff Hansen & CO. lifted its position in Kimberly-Clark by 13,720.0% during the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after acquiring an additional 636,882 shares during the period. Marshall Wace LLP grew its stake in Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after purchasing an additional 503,839 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the period. Finally, Capital World Investors raised its stake in shares of Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KMB. Wells Fargo & Company dropped their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $149.93.

View Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $134.61 on Monday. The stock has a market capitalization of $44.89 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.82 and a beta of 0.40. The company’s fifty day moving average price is $142.00 and its 200 day moving average price is $139.20. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

About Kimberly-Clark

(Free Report)

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.

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