Global Wealth Management Investment Advisory Inc. Has $4.28 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Global Wealth Management Investment Advisory Inc. increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 30,109 shares of the company’s stock after purchasing an additional 481 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $4,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark during the first quarter valued at $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the second quarter valued at $28,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark during the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group reduced their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $0.05 during trading on Tuesday, reaching $133.79. 59,309 shares of the company traded hands, compared to its average volume of 2,107,292. The firm has a 50 day simple moving average of $141.79 and a 200-day simple moving average of $139.25. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market capitalization of $44.62 billion, a PE ratio of 17.35, a P/E/G ratio of 2.83 and a beta of 0.40. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the business earned $1.74 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current 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.