Creative Planning Sells 548 Shares of Kimberly-Clark Corporation $KMB

Creative Planning trimmed its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 95,364 shares of the company’s stock after selling 548 shares during the period. Creative Planning’s holdings in Kimberly-Clark were worth $12,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in KMB. Mesirow Financial Investment Management Inc. increased its stake in Kimberly-Clark by 3.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after acquiring an additional 78 shares during the period. TFB Advisors LLC lifted its position in shares of Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after acquiring an additional 82 shares during the period. Silver Coast Investments LLC grew its holdings in shares of Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after purchasing an additional 83 shares in the last quarter. State of Wyoming increased its position in shares of Kimberly-Clark by 3.0% during the first quarter. State of Wyoming now owns 2,879 shares of the company’s stock valued at $409,000 after purchasing an additional 85 shares during the period. Finally, Crews Bank & Trust raised its stake in shares of Kimberly-Clark by 2.7% in the second quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock valued at $432,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $103.25 on Wednesday. The firm has a market capitalization of $34.26 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.67 and a beta of 0.26. The stock has a fifty day moving average price of $117.50 and a two-hundred day moving average price of $127.23. Kimberly-Clark Corporation has a 52-week low of $99.22 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Citigroup dropped their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Finally, Piper Sandler decreased their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $128.91.

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.