AE Wealth Management LLC Has $19.34 Million Stock Holdings in Kimberly-Clark Corporation $KMB

AE Wealth Management LLC grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 37.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 150,003 shares of the company’s stock after purchasing an additional 40,959 shares during the period. AE Wealth Management LLC’s holdings in Kimberly-Clark were worth $19,338,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Paradigm Asset Management Co. LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $877,000. Vestmark Advisory Solutions Inc. acquired a new position in Kimberly-Clark during the second quarter worth about $436,000. Bryn Mawr Trust Advisors LLC lifted its holdings in shares of Kimberly-Clark by 26.8% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 2,488 shares of the company’s stock worth $321,000 after acquiring an additional 526 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Kimberly-Clark by 2.5% in the 2nd quarter. Savant Capital LLC now owns 29,582 shares of the company’s stock valued at $3,814,000 after purchasing an additional 721 shares in the last quarter. Finally, Sound Financial Strategies Group LLC grew its holdings in shares of Kimberly-Clark by 3.6% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 5,472 shares of the company’s stock valued at $705,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 3.1%

Shares of KMB stock opened at $103.85 on Friday. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. 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 cap of $34.46 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 3.67 and a beta of 0.26. The stock has a 50-day moving average of $121.10 and a 200-day moving average of $128.62.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.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 firm earned $1.83 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research reports. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a report on Tuesday. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Finally, Weiss Ratings started coverage on Kimberly-Clark in a research report on Thursday, October 30th. They issued a “hold (c+)” rating for the company. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $129.80.

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.