RIA Advisory Group LLC Purchases 8,145 Shares of Kimberly-Clark Corporation $KMB

RIA Advisory Group LLC raised its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 334.9% in the fourth quarter, HoldingsChannel reports. The firm owned 10,577 shares of the company’s stock after acquiring an additional 8,145 shares during the period. RIA Advisory Group LLC’s holdings in Kimberly-Clark were worth $1,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WJ Financial Advisors LLC raised its position in shares of Kimberly-Clark by 292.3% in the 4th quarter. WJ Financial Advisors LLC now owns 15,523 shares of the company’s stock worth $1,566,000 after acquiring an additional 11,566 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Kimberly-Clark in the 4th quarter worth $48,807,000. Essex Bank raised its position in shares of Kimberly-Clark by 2.2% in the 4th quarter. Essex Bank now owns 11,661 shares of the company’s stock worth $1,176,000 after acquiring an additional 247 shares in the last quarter. Danske Bank A S raised its position in shares of Kimberly-Clark by 0.4% in the 4th quarter. Danske Bank A S now owns 157,094 shares of the company’s stock worth $15,849,000 after acquiring an additional 600 shares in the last quarter. Finally, Mutual Advisors LLC raised its position in shares of Kimberly-Clark by 27.8% in the 4th quarter. Mutual Advisors LLC now owns 49,363 shares of the company’s stock worth $4,980,000 after acquiring an additional 10,739 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.8%

Shares of NASDAQ:KMB opened at $97.67 on Friday. The business’s 50-day moving average is $100.29 and its 200 day moving average is $103.57. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The firm has a market capitalization of $32.42 billion, a P/E ratio of 15.33, a P/E/G ratio of 4.44 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.54.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.93 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Corporation will post 7.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America reduced their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. TD Cowen reduced their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $114.93.

Insider Activity

In related news, insider Katy Chen sold 1,405 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $96.95, for a total transaction of $136,214.75. Following the transaction, the insider directly owned 6,502 shares of the company’s stock, valued at $630,368.90. This represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

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.