Financial Advocates Investment Management Acquires 95 Shares of Kimberly-Clark Co. (NYSE:KMB)

Financial Advocates Investment Management boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,713 shares of the company’s stock after buying an additional 95 shares during the period. Financial Advocates Investment Management’s holdings in Kimberly-Clark were worth $1,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the 2nd quarter worth $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark during the first quarter worth about $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

NYSE:KMB opened at $134.55 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a fifty day simple moving average of $142.00 and a 200 day simple moving average of $139.01. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The stock has a market capitalization of $44.87 billion, a PE ratio of 17.45, a P/E/G ratio of 2.82 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping 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 company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the business earned $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. UBS Group dropped their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $149.93.

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.