Principle Wealth Partners LLC Has $4.86 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Principle Wealth Partners LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,030 shares of the company’s stock after selling 1,724 shares during the quarter. Principle Wealth Partners LLC’s holdings in Kimberly-Clark were worth $4,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of 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 in the last quarter. American Century Companies Inc. boosted its holdings in Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the last quarter. Morgan Stanley boosted its holdings in Kimberly-Clark by 4.6% in the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares during the last quarter. Northern Trust Corp boosted its holdings in Kimberly-Clark by 4.0% in the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after acquiring an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Kimberly-Clark by 4.5% in the third quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after acquiring an additional 148,076 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated 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 transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMB shares. Citigroup raised their price target on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday. Royal Bank of Canada raised their price target on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday. UBS Group raised their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America raised their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE:KMB traded down $1.19 during trading on Friday, hitting $135.24. 2,123,919 shares of the company’s stock traded hands, compared to its average volume of 2,437,404. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.09. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40. The company has a 50-day moving average price of $125.86 and a 200-day moving average price of $122.89.

Kimberly-Clark (NYSE:KMB) last released 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. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the business posted $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Company 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.