Mitchell Mcleod Pugh & Williams Inc. Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,062 shares of the company’s stock after selling 240 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Kimberly-Clark were worth $858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. FMR LLC boosted its position in shares of Kimberly-Clark by 74.9% in the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after buying an additional 1,046,155 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Kimberly-Clark by 14.7% in 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 in the last quarter. Royal Bank of Canada boosted its position in shares of Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after buying an additional 524,632 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Kimberly-Clark by 552.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after purchasing an additional 386,497 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly 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 accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Bank of America upped their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday, April 24th. HSBC upped their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, UBS Group upped their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Stock Down 0.5 %

Shares of Kimberly-Clark stock traded down $0.63 on Monday, hitting $134.61. 528,840 shares of the company’s stock traded hands, compared to its average volume of 2,210,366. The stock has a market cap of $45.32 billion, a P/E ratio of 24.86, a PEG ratio of 3.85 and a beta of 0.40. 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 firm’s 50-day moving average is $125.86 and its 200 day moving average is $122.92. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.02.

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

Kimberly-Clark 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.