Kimberly-Clark Co. (NYSE:KMB) Stake Boosted by Forte Capital LLC ADV

Forte Capital LLC ADV boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,075 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Forte Capital LLC ADV’s holdings in Kimberly-Clark were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in Kimberly-Clark in the first quarter worth about $503,000. Csenge Advisory Group lifted its holdings in shares of Kimberly-Clark by 5.6% in the 1st quarter. Csenge Advisory Group now owns 2,332 shares of the company’s stock worth $302,000 after purchasing an additional 123 shares during the last quarter. Manchester Capital Management LLC grew its stake in Kimberly-Clark by 13.1% during the 1st quarter. Manchester Capital Management LLC now owns 1,175 shares of the company’s stock worth $152,000 after buying an additional 136 shares during the last quarter. Empirical Finance LLC increased its position in Kimberly-Clark by 3.5% in the first quarter. Empirical Finance LLC now owns 12,228 shares of the company’s stock worth $1,582,000 after buying an additional 409 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Kimberly-Clark by 10.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock valued at $8,728,000 after buying an additional 6,458 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. UBS Group decreased their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Trading Down 2.4 %

Shares of KMB stock opened at $131.64 on Thursday. The stock has a 50-day simple moving average of $141.37 and a 200 day simple moving average of $139.26. The stock has a market capitalization of $43.90 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.81 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.06 billion. During the same quarter last year, the firm posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts expect 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.