Laurel Wealth Advisors LLC Sells 835 Shares of Kimberly-Clark Co. (NYSE:KMB)

Laurel Wealth Advisors LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 70.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 342 shares of the company’s stock after selling 835 shares during the period. Laurel Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Jones Financial Companies Lllp increased its stake in Kimberly-Clark by 5.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after acquiring an additional 88 shares during the period. Emerald Advisors LLC raised its stake in shares of Kimberly-Clark by 4.7% in the fourth quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after purchasing an additional 90 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in Kimberly-Clark by 1.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after purchasing an additional 93 shares during the period. Motco boosted its stake in Kimberly-Clark by 6.9% during the third quarter. Motco now owns 1,463 shares of the company’s stock worth $177,000 after buying an additional 94 shares in the last quarter. Finally, Baxter Bros Inc. increased its holdings in Kimberly-Clark by 3.3% in the 3rd quarter. Baxter Bros Inc. now owns 3,090 shares of the company’s stock valued at $373,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Royal Bank of Canada lifted their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. UBS Group increased their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Trading Up 0.5 %

Shares of KMB stock traded up $0.69 on Monday, reaching $135.93. 2,147,859 shares of the stock were exchanged, compared to its average volume of 2,230,626. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.02. The stock has a market cap of $45.77 billion, a PE ratio of 24.99, a P/E/G ratio of 3.85 and a beta of 0.40. The stock has a 50 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 (EPS) 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 firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

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

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.