Proactive Wealth Strategies LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,850 shares of the company’s stock, valued at approximately $1,296,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Kimberly-Clark during the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter worth about $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. grew its holdings in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the period. Finally, Investors Research Corp bought a new position in Kimberly-Clark during the fourth quarter worth about $33,000. Institutional investors own 76.29% of the company’s stock.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by corporate insiders.
Kimberly-Clark Trading Down 0.3%
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.
Analyst Upgrades and Downgrades
KMB has been the subject of a number of research analyst reports. Barclays reduced their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Citigroup reduced their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $114.93.
View Our Latest Stock Report on KMB
About Kimberly-Clark
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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