Avaii Wealth Management LLC Boosts Position in Kimberly-Clark Co. (NYSE:KMB)

Avaii Wealth Management LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,776 shares of the company’s stock after purchasing an additional 232 shares during the quarter. Kimberly-Clark makes up about 0.9% of Avaii Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Avaii Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 177,712 shares during the last quarter. American Century Companies Inc. lifted its position in Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley increased its holdings in shares of Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Northern Trust Corp raised its stake in shares of Kimberly-Clark by 4.0% in the third 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. raised its position in Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after buying an additional 148,076 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KMB shares. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Citigroup boosted their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. UBS Group raised their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Barclays upped their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Trading Down 0.0 %

Shares of NYSE:KMB traded down $0.03 during trading on Monday, reaching $135.21. The stock had a trading volume of 848,410 shares, compared to its average volume of 2,213,655. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.02. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The business has a fifty day moving average price of $125.86 and a 200-day moving average price of $122.92. The stock has a market cap of $45.53 billion, a P/E ratio of 24.86, a PEG ratio of 3.85 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7 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.