Kimberly-Clark Co. (NYSE:KMB) Position Cut by Golden State Equity Partners

Golden State Equity Partners trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 10.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,366 shares of the company’s stock after selling 483 shares during the quarter. Golden State Equity Partners’ holdings in Kimberly-Clark were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Kimberly-Clark by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the last quarter. American Century Companies Inc. raised its stake 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 purchasing an additional 641,187 shares in the last quarter. Morgan Stanley raised its stake in shares of Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Northern Trust Corp raised its stake in shares of Kimberly-Clark by 4.0% during the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Kimberly-Clark by 4.5% during the third quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after purchasing an additional 148,076 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Citigroup lifted their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday. HSBC lifted their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada lifted their target price on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $134.85.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the 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 completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Paula Ramos sold 10,178 shares of the 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 owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE KMB traded down $1.19 during trading hours on Friday, hitting $135.24. The stock had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The company has a market capitalization of $45.54 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.90 and a beta of 0.40. The firm’s 50-day moving average price is $125.86 and its two-hundred day moving average price is $122.87. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.09. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. Analysts anticipate that Kimberly-Clark Co. will post 6.98 EPS for the current fiscal year.

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.