Atlantic Union Bankshares Corp Has $1.65 Million Stake in Kimberly-Clark Corporation $KMB

Atlantic Union Bankshares Corp grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 76.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,776 shares of the company’s stock after acquiring an additional 5,515 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Kimberly-Clark were worth $1,647,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its position in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC raised its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Elequin Capital LP bought a new stake in Kimberly-Clark in the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the 1st quarter worth $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $103.85 on Friday. The firm has a market capitalization of $34.46 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The firm’s fifty day moving average price is $121.10 and its two-hundred day moving average price is $128.68. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business earned $1.83 EPS. Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. UBS Group lifted their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Barclays set a $132.00 price objective on Kimberly-Clark in a report on Monday. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Finally, Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $129.80.

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.