International Assets Investment Management LLC Has $1.59 Million Stock Position in Kimberly-Clark Corporation $KMB

International Assets Investment Management LLC increased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 364.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,794 shares of the company’s stock after acquiring an additional 12,394 shares during the quarter. International Assets Investment Management LLC’s holdings in Kimberly-Clark were worth $1,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators lifted its stake in shares of Kimberly-Clark by 3.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after acquiring an additional 87 shares during the period. Greatmark Investment Partners Inc. lifted its stake in shares of Kimberly-Clark by 2.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the period. Shoker Investment Counsel Inc. lifted its stake in shares of Kimberly-Clark by 0.6% in the third quarter. Shoker Investment Counsel Inc. now owns 17,546 shares of the company’s stock worth $2,182,000 after acquiring an additional 105 shares during the period. ORG Wealth Partners LLC lifted its stake in Kimberly-Clark by 15.2% in the fourth quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after buying an additional 114 shares during the period. Finally, Advyzon Investment Management LLC lifted its stake in Kimberly-Clark by 5.0% in the third quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock valued at $304,000 after buying an additional 117 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,096 shares of company stock worth $689,687 over the last ninety days. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays dropped their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup dropped their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, Piper Sandler dropped their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Four research 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 company presently has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $98.31 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30. The stock’s 50 day moving average is $99.59 and its 200-day moving average is $103.00. The firm has a market capitalization of $32.63 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 4.76 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $1.93 earnings per share. Kimberly-Clark’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

About Kimberly-Clark

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.