Sapient Capital LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sapient Capital LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,030 shares of the company’s stock after selling 1,323 shares during the period. Sapient Capital LLC’s holdings in Kimberly-Clark were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KMB. Norges Bank purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $437,420,000. FMR LLC boosted its position in shares of Kimberly-Clark by 74.9% during the third quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after buying an additional 1,046,155 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Kimberly-Clark by 31.4% during the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after buying an additional 524,632 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Kimberly-Clark by 552.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after buying an additional 386,497 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, 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 sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Katy Chen sold 454 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares in the company, valued at $70,324.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $1,396,116.26. Following the transaction, 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. In the last three months, insiders have sold 17,022 shares of company stock worth $2,323,935. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.60 during mid-day trading on Tuesday, hitting $136.53. The stock had a trading volume of 2,873,717 shares, compared to its average volume of 2,238,398. The firm has a market cap of $45.97 billion, a P/E ratio of 25.10, a PEG ratio of 3.85 and a beta of 0.40. The business has a fifty day moving average price of $126.56 and a 200-day moving average price of $123.14. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.02.

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, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts expect that Kimberly-Clark Co. will post 7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KMB shares. UBS Group lifted their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Piper Sandler boosted their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Barclays boosted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. HSBC boosted their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Three equities 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, Kimberly-Clark has an average rating of “Hold” and an average 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.