Field & Main Bank Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Field & Main Bank cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,892 shares of the company’s stock after selling 265 shares during the quarter. Field & Main Bank’s holdings in Kimberly-Clark were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $25,000. Cranbrook Wealth Management LLC increased its stake in shares of Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Centerpoint Advisors LLC raised its holdings in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark during the fourth quarter valued at $35,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their price target on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Bank of America increased their target price on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. 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 company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Trading Up 0.5 %

Shares of NYSE:KMB traded up $0.69 during trading hours on Monday, hitting $135.93. 2,147,859 shares of the company’s stock traded hands, compared to its average volume of 2,230,626. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.02. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm has a market capitalization of $45.77 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40. The business has a fifty day moving average price of $126.22 and a 200-day moving average price of $123.03.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the business posted $1.67 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.