Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 5.0% in the first quarter, Holdings Channel.com reports. The firm owned 2,091 shares of the company’s stock after selling 110 shares during the quarter. Donaldson Capital Management LLC’s holdings in Kimberly-Clark were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $437,420,000. FMR LLC grew its holdings 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 during the period. American Century Companies Inc. increased its stake in Kimberly-Clark by 14.7% in the 3rd 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. Royal Bank of Canada increased its stake in 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 in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Kimberly-Clark by 552.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after buying an additional 386,497 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.9 %

Shares of Kimberly-Clark stock traded down $1.19 during trading hours on Friday, hitting $135.24. The company’s stock had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $45.54 billion, a PE ratio of 24.86, a P/E/G ratio of 3.90 and a beta of 0.40. The business has a fifty day moving average of $125.86 and a 200 day moving average of $122.87. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.09.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 6.98 EPS for the current year.

Insider Activity

In other news, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $120.98 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KMB. Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their target price on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group boosted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday. Three 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 stock. Based on data from MarketBeat.com, the company currently 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.