Global Wealth Management Investment Advisory Inc. Has $3.27 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Global Wealth Management Investment Advisory Inc. increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,945 shares of the company’s stock after acquiring an additional 4,507 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in Kimberly-Clark in the third quarter valued at approximately $25,000. Cranbrook Wealth Management LLC lifted its stake in Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Centerpoint Advisors LLC lifted its stake in Kimberly-Clark by 175.0% in the third 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 period. Wetzel Investment Advisors Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $35,000. Finally, Legacy Financial Group LLC acquired a new position in Kimberly-Clark in the third quarter valued at approximately $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now owns 33,649 shares of the company’s stock, valued at approximately $4,562,467.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katy Chen sold 454 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the transaction, the insider now directly owns 520 shares in the company, valued at approximately $70,324.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,022 shares of company stock valued at $2,323,935. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock traded up $0.17 during trading on Wednesday, hitting $136.70. 694,129 shares of the company were exchanged, compared to its average volume of 2,219,196. The business’s 50 day moving average is $126.56 and its 200 day moving average is $123.14. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.02. The company has a market capitalization of $46.03 billion, a P/E ratio of 25.10, a PEG ratio of 3.87 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 for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. Royal Bank of Canada boosted their price target on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Citigroup boosted their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, Bank of America boosted their price objective on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.85.

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.