MGO One Seven LLC Sells 11,361 Shares of Kimberly-Clark Corporation $KMB

MGO One Seven LLC decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 56.3% during the 4th quarter, Holdings Channel reports. The firm owned 8,805 shares of the company’s stock after selling 11,361 shares during the quarter. MGO One Seven LLC’s holdings in Kimberly-Clark were worth $888,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the last quarter. State Street Corp grew its holdings in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after acquiring an additional 997,397 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after acquiring an additional 2,628,206 shares during the last quarter. Capital World Investors grew its holdings in Kimberly-Clark by 0.3% during the 3rd quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock worth $614,357,000 after acquiring an additional 14,306 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Kimberly-Clark by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock worth $483,707,000 after acquiring an additional 9,951 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.7%

Kimberly-Clark stock opened at $97.34 on Wednesday. The company’s 50 day simple moving average is $98.80 and its 200 day simple moving average is $102.51. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The firm has a market capitalization of $32.31 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 4.30 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.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in 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. Piper Sandler lowered their price target 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. Bank of America lowered their price target on shares of 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 price target 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. Finally, UBS Group raised their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $114.93.

About Kimberly-Clark

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.