MONECO Advisors LLC Has $249,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

MONECO Advisors LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,750 shares of the company’s stock after buying an additional 127 shares during the quarter. MONECO Advisors LLC’s holdings in Kimberly-Clark were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Kimberly-Clark by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after buying an additional 69,794 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after purchasing an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $14,751,000. Swedbank AB grew its holdings in shares of Kimberly-Clark by 4.0% during the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after purchasing an additional 6,392 shares in the last quarter. Finally, PGGM Investments grew its holdings in shares of Kimberly-Clark by 84.6% during the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Piper Sandler boosted 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. Finally, Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Trading Down 0.1 %

Shares of KMB opened at $134.44 on Thursday. The stock has a fifty day moving average price of $142.39 and a two-hundred day moving average price of $138.98. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.58 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 company has a market cap of $45.27 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.89 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. Analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal 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.