Parkside Financial Bank & Trust Buys 491 Shares of Kimberly-Clark Co. (NYSE:KMB)

Parkside Financial Bank & Trust lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 39.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,736 shares of the company’s stock after acquiring an additional 491 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Kimberly-Clark were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. OFI Invest Asset Management bought a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC grew its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Centerpoint Advisors LLC grew its position in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $35,000. Finally, Legacy Financial Group LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of KMB traded up $1.14 on Wednesday, reaching $137.18. 1,200,832 shares of the company’s stock traded hands, compared to its average volume of 2,191,561. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The stock has a market cap of $46.22 billion, a PE ratio of 26.22, a PEG ratio of 3.83 and a beta of 0.40. The stock’s 50 day simple moving average is $124.78 and its two-hundred day simple moving average is $122.55. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the business posted $1.67 earnings per share. Kimberly-Clark’s revenue was down .9% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMB has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barclays upped their target price on Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Piper Sandler upped their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $133.38.

Kimberly-Clark Company 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.