Regal Investment Advisors LLC lifted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,817 shares of the company’s stock after buying an additional 1,017 shares during the quarter. Regal Investment Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $880,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC grew its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. V Wealth Management LLC acquired a new position in Kimberly-Clark Corporation during the second quarter valued at approximately $123,000. Sterling Investment Advisors Ltd. grew its holdings in Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Finally, Armbruster Capital Management Inc. grew its holdings in Kimberly-Clark Corporation by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares during the period. Institutional investors own 70.40% of the company’s stock.
A number of research analysts recently issued reports on KMB shares. J P Morgan Chase & Co cut shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $115.55 to $100.00 in a report on Friday, October 20th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a report on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Friday, September 8th. UBS AG restated a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and a consensus price target of $127.14.
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Shares of Kimberly-Clark Corporation (NYSE KMB) opened at $114.14 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a 1 year low of $109.67 and a 1 year high of $136.21. The stock has a market cap of $40,149.58, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. equities analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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