Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,415,085 shares of the company’s stock after purchasing an additional 70,999 shares during the period. Raymond James & Associates’ holdings in Kimberly-Clark were worth $183,041,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in shares of Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after buying an additional 13,806 shares during the period. PFG Investments LLC grew its stake in Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark in the 4th quarter valued at $4,253,000. Rockline Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $1,661,000. Finally, Nordea Investment Management AB raised its stake in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

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

Analyst Ratings Changes

KMB has been the subject of a number of analyst reports. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Barclays increased their price objective on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group lifted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup increased their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $1.19 during trading hours on Friday, reaching $135.24. The stock had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The firm has a market capitalization 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. The firm has a 50-day simple moving average of $125.86 and a 200-day simple moving average of $122.92. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.09. 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 (NYSE:KMB) last announced its quarterly 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 company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. Kimberly-Clark’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current year.

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.