Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lifted by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,261 shares of the company’s stock after purchasing an additional 106 shares during the period. Centennial Wealth Advisory LLC’s holdings in Kimberly-Clark were worth $606,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norden Group LLC acquired a new position in Kimberly-Clark during the first quarter valued at approximately $503,000. Central Pacific Bank Trust Division acquired a new stake in Kimberly-Clark during the first quarter valued at approximately $291,000. FDx Advisors Inc. boosted its stake in Kimberly-Clark by 4.6% in the 1st quarter. FDx Advisors Inc. now owns 4,554 shares of the company’s stock valued at $589,000 after buying an additional 200 shares in the last quarter. Csenge Advisory Group lifted its holdings in Kimberly-Clark by 5.6% during the 1st quarter. Csenge Advisory Group now owns 2,332 shares of the company’s stock valued at $302,000 after purchasing an additional 123 shares during the last quarter. Finally, Broderick Brian C bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $388,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KMB shares. Piper Sandler upped their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. 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 research report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $1.69 during trading on Wednesday, reaching $133.14. 141,217 shares of the company’s stock were exchanged, compared to its average volume of 2,104,453. The firm’s fifty day moving average price is $141.62 and its 200-day moving average price is $139.31. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a market capitalization of $44.40 billion, a PE ratio of 17.49, a PEG ratio of 2.83 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 (NYSE:KMB) last issued 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. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS 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.