Strategic Blueprint LLC Buys Shares of 2,009 Kimberly-Clark Co. (NYSE:KMB)

Strategic Blueprint LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 3rd quarter, Holdings Channel reports. The fund bought 2,009 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds have also recently added to or reduced their stakes in KMB. Norden Group LLC acquired a new position in Kimberly-Clark in the first quarter valued at about $503,000. Diversify Advisory Services LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $307,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kimberly-Clark by 68.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 211,531 shares of the company’s stock worth $27,507,000 after purchasing an additional 86,198 shares during the period. BNP Paribas Financial Markets raised its position in shares of Kimberly-Clark by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 779,224 shares of the company’s stock worth $100,793,000 after purchasing an additional 318,680 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Kimberly-Clark by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 303,499 shares of the company’s stock worth $39,258,000 after purchasing an additional 10,851 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.3 %

KMB stock opened at $134.55 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The business has a 50 day moving average price of $142.00 and a two-hundred day moving average price of $139.01. The company has a market cap of $44.87 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.82 and a beta of 0.39. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KMB shares. Wells Fargo & Company dropped their price target 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. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays raised their price target 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. 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, Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average 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.