Connable Office Inc. Invests $258,000 in Kimberly-Clark Corporation $KMB

Connable Office Inc. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. bought a new position in shares of Kimberly-Clark during the second quarter worth about $25,000. Princeton Global Asset Management LLC increased its holdings in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC increased its holdings in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP bought a new stake in Kimberly-Clark in the first quarter worth approximately $36,000. Finally, AlphaCore Capital LLC bought a new stake in Kimberly-Clark in the first quarter worth approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. Weiss Ratings initiated coverage on Kimberly-Clark in a report on Thursday, October 30th. They issued a “hold (c+)” rating for the company. Evercore ISI lowered their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. UBS Group lifted their target price on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $135.89.

Kimberly-Clark Trading Down 14.6%

NASDAQ KMB opened at $102.27 on Tuesday. The company has a market cap of $33.93 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 3.67 and a beta of 0.30. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 52 week low of $102.20 and a 52 week high of $150.45. The business has a 50 day moving average price of $123.35 and a 200-day moving average price of $129.63.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

About Kimberly-Clark

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.