Berger Financial Group Inc Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Berger Financial Group Inc lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,742 shares of the company’s stock after selling 255 shares during the quarter. Berger Financial Group Inc’s holdings in Kimberly-Clark were worth $359,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. increased its position in shares of Kimberly-Clark by 363.1% during the fourth quarter. Johnson Financial Group Inc. now owns 9,068 shares of the company’s stock worth $1,179,000 after acquiring an additional 7,110 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Kimberly-Clark by 62.1% during the fourth quarter. Capital Analysts LLC now owns 1,365 shares of the company’s stock valued at $179,000 after purchasing an additional 523 shares during the last quarter. Hayek Kallen Investment Management grew its holdings in shares of Kimberly-Clark by 22.9% during the fourth quarter. Hayek Kallen Investment Management now owns 1,934 shares of the company’s stock valued at $253,000 after purchasing an additional 360 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Kimberly-Clark by 11.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 199,225 shares of the company’s stock valued at $26,107,000 after purchasing an additional 19,894 shares during the last quarter. Finally, Empire Financial Management Company LLC boosted its position in shares of Kimberly-Clark by 253.2% during the fourth quarter. Empire Financial Management Company LLC now owns 13,523 shares of the company’s stock worth $1,772,000 after buying an additional 9,694 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Finally, Royal Bank of Canada reduced their target price on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $145.08.

Kimberly-Clark Trading Down 0.5 %

KMB opened at $130.90 on Tuesday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a 50-day moving average price of $139.48 and a two-hundred day moving average price of $135.38. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $43.43 billion, a PE ratio of 17.34, a PEG ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter in the previous year, the company earned $2.01 EPS. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

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.