Cornerstone Capital Inc. Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

Cornerstone Capital Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 139,107 shares of the company’s stock after acquiring an additional 1,853 shares during the period. Kimberly-Clark accounts for approximately 1.8% of Cornerstone Capital Inc.’s holdings, making the stock its 23rd biggest position. Cornerstone Capital Inc.’s holdings in Kimberly-Clark were worth $19,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the second quarter worth $26,000. Crewe Advisors LLC purchased a new position 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 purchased a new stake in Kimberly-Clark during the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMB shares. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Barclays raised their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. TD Cowen assumed coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Piper Sandler raised their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Trading Up 0.4 %

Shares of KMB stock traded up $0.60 during mid-day trading on Tuesday, hitting $134.34. 194,321 shares of the company’s stock were exchanged, compared to its average volume of 2,107,923. The stock has a market cap of $44.80 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.83 and a beta of 0.40. The stock has a 50-day simple moving average of $141.79 and a two-hundred day simple moving average of $139.25. 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 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities 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.