Parsons Capital Management Inc. RI Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Parsons Capital Management Inc. RI lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,345 shares of the company’s stock after selling 228 shares during the period. Parsons Capital Management Inc. RI’s holdings in Kimberly-Clark were worth $691,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Kimberly-Clark during the 4th quarter valued at $437,420,000. FMR LLC raised its position in shares of Kimberly-Clark by 74.9% in the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after acquiring an additional 1,046,155 shares in the last quarter. American Century Companies Inc. raised its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after purchasing an additional 524,632 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Kimberly-Clark by 552.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after purchasing an additional 386,497 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $1.19 during trading hours on Friday, reaching $135.24. The company had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The business has a fifty day moving average price of $125.86 and a 200-day moving average price of $122.92. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.09. The firm has a market cap of $45.54 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates 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 was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. UBS Group lifted their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Citigroup raised their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $134.85.

About Kimberly-Clark

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.