Laurel Wealth Advisors LLC Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Laurel Wealth Advisors LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 70.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 342 shares of the company’s stock after selling 835 shares during the period. Laurel Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $25,000. Cranbrook Wealth Management LLC grew its position 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 during the period. Centerpoint Advisors LLC increased its holdings in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark in the fourth quarter worth about $35,000. Finally, Legacy Financial Group LLC purchased a new position in Kimberly-Clark in the third quarter valued at about $37,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KMB shares. Citigroup raised their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Barclays boosted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.85.

Insider Activity

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

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $0.69 during midday trading on Monday, hitting $135.93. 2,147,859 shares of the company’s stock were exchanged, compared to its average volume of 2,230,626. The business’s fifty day moving average price is $126.22 and its two-hundred day moving average price is $123.03. The company has a market cap of $45.77 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.85 and a beta of 0.40. 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 12-month low of $116.32 and a 12-month high of $147.02.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping 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 firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

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.