SlateStone Wealth LLC Acquires 2,085 Shares of Kimberly-Clark Co. (NYSE:KMB)

SlateStone Wealth LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,810 shares of the company’s stock after acquiring an additional 2,085 shares during the period. SlateStone Wealth LLC’s holdings in Kimberly-Clark were worth $1,921,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cranbrook Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 90.9% in the fourth 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 period. OFI Invest Asset Management bought a new position in shares of Kimberly-Clark in the third quarter worth about $25,000. Centerpoint Advisors LLC boosted its stake in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

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

Kimberly-Clark Trading Down 0.4 %

KMB traded down $0.49 during trading on Wednesday, hitting $135.55. 207,003 shares of the stock were exchanged, compared to its average volume of 2,180,796. The firm has a 50 day simple moving average of $124.78 and a 200 day simple moving average of $122.55. The firm has a market cap of $45.67 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.83 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMB shares. Barclays increased their price target on Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group started coverage on Kimberly-Clark in a research note on Friday, March 1st. They set a “buy” rating and a $135.00 price target for the company. Three investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $131.85.

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.