Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Citizens Business Bank

Citizens Business Bank cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,006 shares of the company’s stock after selling 580 shares during the quarter. Citizens Business Bank’s holdings in Kimberly-Clark were worth $365,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its position in Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after acquiring an additional 13,806 shares in the last quarter. PFG Investments LLC increased its position in Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark in the 4th quarter worth about $4,253,000. Rockline Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth about $1,661,000. Finally, Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred 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 sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on 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 approximately $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. Insiders have sold 17,022 shares of company stock worth $2,323,935 in the last three months. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMB. Barclays raised their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. 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 research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Stock Up 0.4 %

Kimberly-Clark stock traded up $0.60 during midday trading on Tuesday, hitting $136.53. 2,873,717 shares of the company were exchanged, compared to its average volume of 2,238,398. The company’s fifty day moving average price is $126.22 and its 200-day moving average price is $123.03. The company has a market cap of $45.97 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40. 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 fifty-two week low of $116.32 and a fifty-two week high of $147.02.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the company posted $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts predict that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

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.