Radnor Capital Management LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,911 shares of the company's stock, valued at approximately $983,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $27,000. New Millennium Group LLC acquired a new position in Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on KMB shares. Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Piper Sandler increased their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an "overweight" rating in a research note on Thursday, July 11th. Wells Fargo & Company cut their price target on shares of 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. Finally, StockNews.com downgraded Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 30th. 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $149.93.
Check Out Our Latest Stock Analysis on KMB
Kimberly-Clark Price Performance
Shares of KMB traded up $1.63 during mid-day trading on Thursday, reaching $133.27. The stock had a trading volume of 675,984 shares, compared to its average volume of 2,107,534. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The business has a fifty day moving average of $141.37 and a 200 day moving average of $139.26. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $44.44 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.81 and a beta of 0.40.
Kimberly-Clark (NYSE:KMB - Get Free Report) 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 return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the company earned $1.74 EPS. Kimberly-Clark's quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current year.
About Kimberly-Clark
(
Free Report)
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.
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