Larson Financial Group LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Larson Financial Group LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,131 shares of the company’s stock after selling 220 shares during the period. Larson Financial Group LLC’s holdings in Kimberly-Clark were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock worth $869,090,000 after acquiring an additional 177,712 shares during the period. American Century Companies Inc. raised its stake in shares of Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after buying an additional 641,187 shares during the last quarter. Morgan Stanley increased its holdings in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Northern Trust Corp raised its position in shares of Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after purchasing an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after buying an additional 148,076 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $135.98 on Wednesday. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The firm’s 50 day moving average is $124.78 and its two-hundred day moving average is $122.55. The company has a market cap of $45.81 billion, a P/E ratio of 26.15, a P/E/G ratio of 3.83 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the business posted $1.54 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Insiders Place Their Bets

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 price target for the company. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $123.00 price objective on shares of Kimberly-Clark in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $131.85.

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.