Kimberly-Clark Co. (NYSE:KMB) Position Boosted by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the 2nd quarter worth about $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter worth approximately $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. grew 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 purchasing an additional 202 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 1.3 %

Shares of NYSE:KMB traded down $1.69 during midday trading on Wednesday, reaching $133.14. The company had a trading volume of 141,217 shares, compared to its average volume of 2,104,453. The company has a fifty day simple moving average of $141.62 and a two-hundred day simple moving average of $139.31. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $44.40 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of 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. TD Cowen started coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. UBS Group dropped their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays increased their price target 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.