Kimberly-Clark Corporation $KMB Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 43.5% in the 4th quarter, HoldingsChannel reports. The firm owned 9,023 shares of the company’s stock after selling 6,959 shares during the quarter. Securian Asset Management Inc.’s holdings in Kimberly-Clark were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Deseret Mutual Benefit Administrators increased its holdings in Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after buying an additional 87 shares during the period. Greatmark Investment Partners Inc. lifted its stake in Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares during the period. Shoker Investment Counsel Inc. lifted its stake in Kimberly-Clark by 0.6% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 17,546 shares of the company’s stock valued at $2,182,000 after acquiring an additional 105 shares during the period. ORG Wealth Partners LLC boosted its holdings in shares of Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after acquiring an additional 114 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its stake in shares of Kimberly-Clark by 5.0% in the third quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock worth $304,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KMB shares. Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America decreased their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Citigroup lowered their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, Barclays dropped their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Stock Down 0.3%

KMB stock opened at $97.04 on Thursday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $144.30. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The firm’s fifty day moving average is $98.54 and its 200 day moving average is $102.36. The firm has a market cap of $32.21 billion, a PE ratio of 15.23, a P/E/G ratio of 4.37 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.