Global Wealth Management Investment Advisory Inc. Purchases 481 Shares of 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, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KMB. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark during the second quarter valued at $26,000. New Millennium Group LLC acquired a new position in Kimberly-Clark in the second quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the first quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its stake in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Kimberly-Clark in the third quarter worth about $39,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

NYSE KMB traded up $0.05 during midday trading on Tuesday, hitting $133.79. The company had a trading volume of 59,309 shares, compared to its average volume of 2,107,292. The company 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. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a 50-day moving average price of $141.79 and a 200-day moving average price of $139.25. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced 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 firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s quarterly revenue 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. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $149.93.

About Kimberly-Clark

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.