Acadian Asset Management LLC Acquires 264,806 Shares of Kimberly-Clark Corporation $KMB

Acadian Asset Management LLC grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 36.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 992,379 shares of the company’s stock after acquiring an additional 264,806 shares during the period. Acadian Asset Management LLC owned 0.30% of Kimberly-Clark worth $127,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Kimberly-Clark by 1.4% during the first quarter. Alps Advisors Inc. now owns 15,211 shares of the company’s stock valued at $2,163,000 after purchasing an additional 210 shares in the last quarter. Cerity Partners LLC lifted its holdings in Kimberly-Clark by 40.8% during the first quarter. Cerity Partners LLC now owns 301,576 shares of the company’s stock valued at $42,900,000 after purchasing an additional 87,315 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Kimberly-Clark by 5.7% in the first quarter. Fidelis Capital Partners LLC now owns 1,729 shares of the company’s stock worth $228,000 after purchasing an additional 93 shares during the period. Finally, SkyOak Wealth LLC purchased a new stake in shares of Kimberly-Clark in the first quarter worth $244,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Morgan Stanley cut their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Weiss Ratings assumed coverage on Kimberly-Clark in a research note on Thursday, October 30th. They set a “hold (c+)” rating on the stock. Finally, TD Cowen dropped their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $129.80.

Kimberly-Clark Trading Up 3.1%

Shares of KMB stock opened at $103.85 on Friday. 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 stock has a market capitalization of $34.46 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45. The stock’s 50-day moving average price is $121.10 and its 200-day moving average price is $128.62.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business posted $1.83 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Corporation will post 7.5 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.