Western Pacific Wealth Management LP Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Western Pacific Wealth Management LP grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 1,153.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326 shares of the company’s stock after purchasing an additional 300 shares during the period. Western Pacific Wealth Management LP’s holdings in Kimberly-Clark were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $26,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter worth about $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its stake 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 buying an additional 202 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on KMB shares. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Piper Sandler boosted their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lowered 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 note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

KMB stock opened at $132.24 on Friday. The business’s 50-day moving average is $141.37 and its two-hundred day moving average is $139.26. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market capitalization of $44.10 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

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.