Ledyard National Bank Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

Ledyard National Bank cut its position in Kimberly-Clark Co. (NYSE:KMB) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,324 shares of the company’s stock after selling 798 shares during the period. Ledyard National Bank’s holdings in Kimberly-Clark were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Avaii Wealth Management LLC lifted its holdings in Kimberly-Clark by 2.0% in the 4th quarter. Avaii Wealth Management LLC now owns 11,776 shares of the company’s stock worth $1,431,000 after purchasing an additional 232 shares in the last quarter. Choreo LLC lifted its position in shares of Kimberly-Clark by 4.5% in the fourth quarter. Choreo LLC now owns 3,876 shares of the company’s stock worth $476,000 after buying an additional 166 shares in the last quarter. Intellectus Partners LLC grew its holdings in Kimberly-Clark by 22.5% during the 4th quarter. Intellectus Partners LLC now owns 6,028 shares of the company’s stock valued at $739,000 after buying an additional 1,109 shares in the last quarter. PGGM Investments boosted its position in shares of Kimberly-Clark by 28.8% during the 4th quarter. PGGM Investments now owns 62,213 shares of the company’s stock valued at $7,560,000 after acquiring an additional 13,903 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Kimberly-Clark by 52.6% during the fourth quarter. Russell Investments Group Ltd. now owns 182,006 shares of the company’s stock worth $22,088,000 after acquiring an additional 62,732 shares during the last quarter. 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. The Goldman Sachs Group lifted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Barclays upped their target price on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Bank of America raised their price target on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Stock Up 0.4 %

Shares of NYSE:KMB traded up $0.52 during trading on Tuesday, reaching $136.45. The stock had a trading volume of 562,722 shares, compared to its average volume of 2,210,188. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.02. The firm’s 50-day simple moving average is $126.22 and its 200 day simple moving average is $123.03. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $45.94 billion, a P/E ratio of 24.99, a PEG ratio of 3.85 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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 firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.