Citizens Financial Group Inc. RI Has $1.13 Million Stock Position in Kimberly-Clark Corporation $KMB

Citizens Financial Group Inc. RI increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 137.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,029 shares of the company’s stock after purchasing an additional 6,383 shares during the period. Citizens Financial Group Inc. RI’s holdings in Kimberly-Clark were worth $1,125,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Kimberly-Clark by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after acquiring an additional 24,698 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after acquiring an additional 87,455 shares during the period. Main Street Financial Solutions LLC boosted its holdings in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after acquiring an additional 326 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in shares of Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after acquiring an additional 1,811 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Katy Chen sold 1,405 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $96.95, for a total value of $136,214.75. Following the sale, the insider directly owned 6,502 shares in the company, valued at approximately $630,368.90. The trade was a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KMB shares. Bank of America dropped their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. TD Cowen dropped their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Finally, UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $97.67 on Monday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The company has a market cap of $32.42 billion, a PE ratio of 15.33, a P/E/G ratio of 4.68 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock’s 50-day moving average is $100.29 and its 200 day moving average is $103.46.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business earned $1.93 EPS. Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.46 EPS for the current year.

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.