Forte Capital LLC ADV Raises Position in Kimberly-Clark Co. (NYSE:KMB)

Forte Capital LLC ADV boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,075 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Forte Capital LLC ADV’s holdings in Kimberly-Clark were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark during the first quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Kimberly-Clark by 808.0% during the 3rd 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. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMB has been the topic of several research reports. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 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. 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $131.64 on Thursday. 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 Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business has a 50 day moving average price of $141.37 and a two-hundred day moving average price of $139.26. The firm has a market cap of $43.90 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (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 business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Company 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.