Financial Advocates Investment Management Has $1.10 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Financial Advocates Investment Management grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 7,713 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Financial Advocates Investment Management’s holdings in Kimberly-Clark were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KMB. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. New Millennium Group LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark in the third quarter worth $39,000. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KMB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Barclays upped their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $134.55 on Friday. 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 52 week low of $117.67 and a 52 week high of $149.30. The firm has a market cap of $44.87 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.82 and a beta of 0.39. The firm’s fifty day moving average is $142.00 and its 200-day moving average is $139.01.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts predict that Kimberly-Clark Co. will post 7.26 earnings per share for the current year.

Kimberly-Clark 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.