Avaii Wealth Management LLC Purchases 232 Shares of Kimberly-Clark Co. (NYSE:KMB)

Avaii Wealth Management LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,776 shares of the company’s stock after purchasing an additional 232 shares during the period. Kimberly-Clark accounts for about 0.9% of Avaii Wealth Management LLC’s portfolio, making the stock its 15th largest position. Avaii Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,431,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KMB. Emerald Advisors LLC grew its stake in Kimberly-Clark by 4.7% during the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after purchasing an additional 90 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Kimberly-Clark by 1.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after acquiring an additional 93 shares during the period. Motco grew its position in Kimberly-Clark by 6.9% during the 3rd quarter. Motco now owns 1,463 shares of the company’s stock worth $177,000 after purchasing an additional 94 shares during the period. Baxter Bros Inc. grew its position in Kimberly-Clark by 3.3% during the third quarter. Baxter Bros Inc. now owns 3,090 shares of the company’s stock valued at $373,000 after buying an additional 100 shares during the period. Finally, S&CO Inc. raised its holdings in Kimberly-Clark by 0.4% in the 3rd quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Bank of America increased their price objective on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Barclays increased their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.85.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.03 during mid-day trading on Monday, hitting $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 52 week low of $116.32 and a 52 week high of $147.02. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.85 and a beta of 0.40. The company has a 50 day simple moving average of $125.86 and a 200-day simple moving average of $122.92.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts expect 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.