Catalina Capital Group LLC Grows Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Catalina Capital Group LLC boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,138 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Catalina Capital Group LLC’s holdings in Kimberly-Clark were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Norden Group LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at approximately $503,000. Csenge Advisory Group increased its position in Kimberly-Clark by 5.6% in the first quarter. Csenge Advisory Group now owns 2,332 shares of the company’s stock worth $302,000 after buying an additional 123 shares during the period. Manchester Capital Management LLC increased its position in Kimberly-Clark by 13.1% in the first quarter. Manchester Capital Management LLC now owns 1,175 shares of the company’s stock worth $152,000 after buying an additional 136 shares during the period. Empirical Finance LLC increased its position in Kimberly-Clark by 3.5% in the first quarter. Empirical Finance LLC now owns 12,228 shares of the company’s stock worth $1,582,000 after buying an additional 409 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Kimberly-Clark by 10.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock worth $8,728,000 after buying an additional 6,458 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 2.4 %

NYSE:KMB opened at $131.64 on Thursday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The stock’s 50-day moving average is $141.37 and its two-hundred day moving average is $139.26. The stock 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 released its earnings results 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. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. 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 report on Tuesday, October 8th. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Barclays lifted 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kimberly-Clark currently 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.