QRG Capital Management Inc. lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 21.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,525 shares of the company’s stock after selling 18,812 shares during the period. QRG Capital Management Inc.’s holdings in Kimberly-Clark were worth $6,813,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of KMB. Nordea Investment Management AB boosted its position in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after acquiring an additional 58,978 shares during the period. Citigroup Inc. increased its holdings in shares of Kimberly-Clark by 3.7% during the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after purchasing an additional 14,386 shares during the period. Jain Global LLC acquired a new position in shares of Kimberly-Clark during the third quarter valued at $11,973,000. AE Wealth Management LLC raised its stake in shares of Kimberly-Clark by 7.0% during the third quarter. AE Wealth Management LLC now owns 160,531 shares of the company’s stock valued at $19,960,000 after purchasing an additional 10,528 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Kimberly-Clark by 9.6% in the third quarter. Truist Financial Corp now owns 158,417 shares of the company’s stock worth $19,698,000 after purchasing an additional 13,939 shares during the period. 76.29% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The SEC filing for this sale provides additional information. Insiders have sold 6,050 shares of company stock worth $606,358 in the last 90 days. 0.75% of the stock is owned by company insiders.
Kimberly-Clark Trading Up 1.6%
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on KMB. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Barclays reduced their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. TD Cowen decreased their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Finally, Piper Sandler dropped their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.93.
Check Out Our Latest Research Report on KMB
Trending Headlines about Kimberly-Clark
Here are the key news stories impacting Kimberly-Clark this week:
- Positive Sentiment: EU antitrust approval clears regulatory risk for Kimberly‑Clark’s $3.4bn joint venture with pulp giant Suzano, removing a major transactional overhang and increasing probability of closing and related cash/strategic benefits. Exclusive: Suzano set to win full EU nod for $3.4 billion Kimberly‑Clark deal
- Positive Sentiment: Analyst/media coverage is highlighting Kimberly‑Clark as a defensive dividend holding for turbulent markets, which can attract risk‑off flows into KMB given its payout profile. The Best Dividend Stock to Own During a Market Crash
- Positive Sentiment: Recent quarterly results showed an EPS beat and modest revenue growth, supporting the view of resilient end‑market demand for core consumer/tissue products. That underpins near‑term cash flow and the dividend. There May Be Some Bright Spots In Kimberly‑Clark’s Earnings
- Neutral Sentiment: Management presentation transcript from the Barclays conference is available for investors expecting additional detail on strategy, margins and cash‑deployment plans — useful but not market‑moving on its own. KMB Presents at Barclays Conference (Transcript)
- Neutral Sentiment: Insider Katy Chen sold a small block of shares (reported as tax‑withholding related to equity vesting); such routine sales to cover taxes typically aren’t directional signals about fundamentals. Kimberly‑Clark Insider Katy Chen Sells Shares
- Neutral Sentiment: Consensus analyst stance remains largely “Hold” with mixed price‑target moves; institutional ownership is high, which can damp volatility but also limits immediate share‑price upside without fresh catalysts. MarketBeat KMB overview
- Negative Sentiment: Kimberly‑Clark announced the departure of its Vice President & Controller and named an interim successor — a near‑term governance/finance‑team disruption that could raise questions about continuity until a permanent replacement is installed. Controller Departure and Interim Successor
Kimberly-Clark Profile
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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