Securian Asset Management Inc. Sells 6,959 Shares of Kimberly-Clark Corporation $KMB

Securian Asset Management Inc. lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 43.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,023 shares of the company’s stock after selling 6,959 shares during the period. Securian Asset Management Inc.’s holdings in Kimberly-Clark were worth $910,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in KMB. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark in the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. lifted its holdings in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. Finally, Investors Research Corp purchased a new stake in Kimberly-Clark during the fourth quarter worth $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KMB shares. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Barclays decreased their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $97.04 on Thursday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The stock has a fifty day moving average price of $98.54 and a 200-day moving average price of $102.36. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The firm has a market cap of $32.21 billion, a PE ratio of 15.23, a P/E/G ratio of 4.37 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping 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 firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $1.93 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 4,095 shares of the business’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 transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock worth $689,687 in the last 90 days. 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.