First Trust Direct Indexing L.P. Purchases 3,136 Shares of Kimberly-Clark Co. (NYSE:KMB)

First Trust Direct Indexing L.P. lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,100 shares of the company’s stock after purchasing an additional 3,136 shares during the period. First Trust Direct Indexing L.P.’s holdings in Kimberly-Clark were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KMB. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after buying an additional 69,794 shares during the period. Vest Financial LLC increased its position in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Kimberly-Clark in the 2nd quarter worth about $14,751,000. Swedbank AB boosted its holdings in Kimberly-Clark by 4.0% in the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares during the period. Finally, PGGM Investments grew its position in shares of Kimberly-Clark by 84.6% during the 2nd quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on KMB. Piper Sandler lifted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Barclays lifted 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. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Trading Down 0.1 %

Shares of Kimberly-Clark stock opened at $134.44 on Thursday. The firm’s 50 day moving average is $142.39 and its 200 day moving average is $138.98. The firm has a market capitalization of $45.27 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) 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 company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

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.