Kimberly-Clark Co. (NYSE:KMB) Holdings Decreased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,726 shares of the company’s stock after selling 227 shares during the period. Outlook Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $482,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Kimberly-Clark in the third quarter worth approximately $25,000. Rise Advisors LLC lifted its holdings in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the period. Cranbrook Wealth Management LLC boosted its stake in Kimberly-Clark by 90.9% during 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 in the last quarter. Accordant Advisory Group Inc acquired a new position in Kimberly-Clark during the first quarter worth about $27,000. Finally, Centerpoint Advisors LLC raised its position in 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 in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barclays lifted their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday. Citigroup increased their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Evercore ISI upgraded 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 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE KMB traded down $1.19 during mid-day trading on Friday, reaching $135.24. The company had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.90 and a beta of 0.40. The stock has a fifty day moving average of $125.86 and a two-hundred day moving average of $122.87. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $147.09.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Co. will post 6.98 EPS for the current year.

Insider Activity at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was 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 filing with the SEC, which can be accessed through this link. In related news, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was 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 owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.