Brooktree Capital Management Invests $258,000 in Kimberly-Clark Corporation $KMB

Brooktree Capital Management purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. boosted its position in shares of Kimberly-Clark by 2.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 164,877 shares of the company’s stock valued at $21,224,000 after purchasing an additional 4,677 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Kimberly-Clark by 76.0% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,776 shares of the company’s stock valued at $1,647,000 after purchasing an additional 5,515 shares during the period. First Horizon Advisors Inc. lifted its stake in Kimberly-Clark by 10.6% in the second quarter. First Horizon Advisors Inc. now owns 9,986 shares of the company’s stock valued at $1,287,000 after buying an additional 955 shares during the last quarter. Genus Capital Management Inc. lifted its stake in Kimberly-Clark by 17.9% in the second quarter. Genus Capital Management Inc. now owns 73,078 shares of the company’s stock valued at $9,421,000 after buying an additional 11,110 shares during the last quarter. Finally, Ellevest Inc. lifted its stake in Kimberly-Clark by 7.6% in the second quarter. Ellevest Inc. now owns 1,894 shares of the company’s stock valued at $244,000 after buying an additional 134 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.6%

NASDAQ KMB opened at $100.05 on Thursday. The stock has a market capitalization of $33.19 billion, a P/E ratio of 13.78, a P/E/G ratio of 3.67 and a beta of 0.30. Kimberly-Clark Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The firm has a 50-day moving average price of $122.16 and a 200 day moving average price of $129.13. 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 (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday. Barclays set a $132.00 target price on shares of Kimberly-Clark in a research note on Monday. Weiss Ratings assumed coverage on Kimberly-Clark in a research note on Thursday, October 30th. They set a “hold (c+)” rating for the company. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $129.80.

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.