KLCM Advisors Inc. Grows Holdings in Kimberly-Clark Corporation $KMB

KLCM Advisors Inc. increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 114.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,740 shares of the company’s stock after acquiring an additional 21,182 shares during the period. KLCM Advisors Inc.’s holdings in Kimberly-Clark were worth $4,009,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock valued at $301,448,000 after buying an additional 58,978 shares during the last quarter. Citigroup Inc. raised its holdings in Kimberly-Clark by 3.7% during the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after buying an additional 14,386 shares during the last quarter. Jain Global LLC bought a new stake in Kimberly-Clark during the 3rd quarter valued at $11,973,000. AE Wealth Management LLC raised its holdings in Kimberly-Clark by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 160,531 shares of the company’s stock valued at $19,960,000 after buying an additional 10,528 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in Kimberly-Clark by 9.6% during the 3rd quarter. Truist Financial Corp now owns 158,417 shares of the company’s stock valued at $19,698,000 after buying an additional 13,939 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.6%

Shares of NASDAQ KMB opened at $95.75 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The firm has a market capitalization of $31.78 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 4.70 and a beta of 0.29. The firm has a fifty day simple moving average of $99.08 and a two-hundred day simple moving average of $102.67.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.09 billion. During the same period in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Barclays lowered their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Citigroup decreased their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $114.93.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% 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. Over the last quarter, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by company insiders.

Kimberly-Clark 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.