Graypoint LLC Purchases 78 Shares of Kimberly-Clark Co. (NYSE:KMB)

Graypoint LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,315 shares of the company’s stock after purchasing an additional 78 shares during the period. Graypoint LLC’s holdings in Kimberly-Clark were worth $756,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at $26,000. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on KMB shares. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Piper Sandler raised their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Up 0.5 %

KMB stock opened at $132.24 on Friday. The firm has a market capitalization of $44.10 billion, a PE ratio of 17.15, a P/E/G ratio of 2.81 and a beta of 0.40. 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 Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock’s 50 day moving average is $141.37 and its 200-day moving average is $139.26.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. Sell-side analysts expect that Kimberly-Clark Co. will post 7.26 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.