Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,030 shares of the company’s stock after selling 1,724 shares during the period. Principle Wealth Partners LLC’s holdings in Kimberly-Clark were worth $4,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark in the third quarter worth $25,000. Cranbrook Wealth Management LLC increased 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 purchasing an additional 100 shares during the last quarter. Centerpoint Advisors LLC increased its stake in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at $35,000. Finally, Legacy Financial Group LLC bought a new stake in Kimberly-Clark during the third quarter valued at $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock traded down $1.19 during trading on Friday, hitting $135.24. The company had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.86 and a beta of 0.40. The business has a 50 day moving average of $125.86 and a 200 day moving average of $122.89. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.09. 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 (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 net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $134.85.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, 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 is available at this hyperlink. In other Kimberly-Clark 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 transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Company 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.