Lakeshore Financial Planning Inc. Has $337,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Lakeshore Financial Planning Inc. lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,371 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in Kimberly-Clark were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark during the 1st quarter valued at $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the second quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. increased 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 purchasing an additional 202 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Piper Sandler upped their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, 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 report on Wednesday, July 24th. Two research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Up 0.5 %

Shares of NYSE KMB opened at $132.24 on Friday. The stock has a market capitalization of $44.10 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.81 and a beta of 0.40. The company has a 50-day moving average price of $141.37 and a 200-day moving average price of $139.26. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. 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 (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the company earned $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal 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.