Mutual Advisors LLC Has $4.98 Million Stock Position in Kimberly-Clark Corporation $KMB

Mutual Advisors LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 27.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,363 shares of the company’s stock after acquiring an additional 10,739 shares during the period. Mutual Advisors LLC’s holdings in Kimberly-Clark were worth $4,980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Deseret Mutual Benefit Administrators lifted its position in Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after acquiring an additional 87 shares in the last quarter. Greatmark Investment Partners Inc. lifted its position in Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares in the last quarter. NTV Asset Management LLC lifted its position in Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after acquiring an additional 103 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in Kimberly-Clark by 0.6% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 17,546 shares of the company’s stock valued at $2,182,000 after acquiring an additional 105 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its position in Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the topic of several research reports. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group boosted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Stock Down 0.8%

Shares of KMB opened at $97.67 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The firm’s 50-day simple moving average is $100.29 and its 200 day simple moving average is $103.68. The firm has a market cap of $32.42 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 4.48 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.54 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Corporation will post 7.49 earnings per share for the current year.

Insider Activity at Kimberly-Clark

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

Kimberly-Clark Company 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.