Kimberly-Clark Co. (NYSE:KMB) Stake Trimmed by Valmark Advisers Inc.

Valmark Advisers Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 9.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,439 shares of the company’s stock after selling 347 shares during the period. Valmark Advisers Inc.’s holdings in Kimberly-Clark were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock worth $869,090,000 after purchasing an additional 177,712 shares in the last quarter. American Century Companies Inc. grew its stake in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley grew its stake in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Northern Trust Corp grew its stake in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after acquiring an additional 155,066 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Kimberly-Clark by 4.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after acquiring an additional 148,076 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the 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 completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on KMB shares. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Wells Fargo & Company lifted their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Finally, Piper Sandler lifted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Stock Down 0.9 %

Shares of KMB stock opened at $135.24 on Monday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The stock has a fifty day moving average price of $125.86 and a 200 day moving average price of $122.92. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.09. The stock has a market cap of $45.54 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40.

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

Kimberly-Clark Company 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.