Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,611 shares of the company’s stock after selling 276 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kimberly-Clark were worth $2,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares in the last quarter. American Century Companies Inc. boosted its holdings in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the period. Morgan Stanley grew its position in Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Northern Trust Corp increased its stake in Kimberly-Clark by 4.0% during the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after purchasing an additional 155,066 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Kimberly-Clark by 4.5% during the third quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after purchasing an additional 148,076 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMB shares. HSBC increased their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Finally, Piper Sandler boosted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $136.47 on Thursday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The business has a 50 day simple moving average of $126.88 and a 200-day simple moving average of $123.24. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.02. The stock has a market capitalization of $45.95 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) 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 firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. Kimberly-Clark’s revenue was down .9% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total value of $142,334.40. Following the sale, the insider now owns 3,833 shares of the company’s stock, valued at $524,584.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Doug Cunningham sold 1,040 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders have sold 18,062 shares of company stock valued at $2,466,270 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

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.