Marco Investment Management LLC Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

Marco Investment Management LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,210 shares of the company’s stock after selling 780 shares during the quarter. Marco Investment Management LLC’s holdings in Kimberly-Clark were worth $1,727,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Intellectus Partners LLC increased its position in Kimberly-Clark by 22.5% during the fourth quarter. Intellectus Partners LLC now owns 6,028 shares of the company’s stock valued at $739,000 after acquiring an additional 1,109 shares during the last quarter. PGGM Investments increased its position in Kimberly-Clark by 28.8% during the fourth quarter. PGGM Investments now owns 62,213 shares of the company’s stock valued at $7,560,000 after acquiring an additional 13,903 shares during the last quarter. Russell Investments Group Ltd. increased its position in Kimberly-Clark by 52.6% during the fourth quarter. Russell Investments Group Ltd. now owns 182,006 shares of the company’s stock valued at $22,088,000 after acquiring an additional 62,732 shares during the last quarter. Addison Advisors LLC increased its position in Kimberly-Clark by 239.5% during the fourth quarter. Addison Advisors LLC now owns 567 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares during the last quarter. Finally, Syon Capital LLC increased its position in Kimberly-Clark by 22.0% during the fourth quarter. Syon Capital LLC now owns 4,669 shares of the company’s stock valued at $567,000 after acquiring an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KMB shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Piper Sandler raised their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Bank of America raised their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Trading Down 0.9 %

NYSE:KMB opened at $135.24 on Monday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.09. The stock has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.85 and a beta of 0.40. The stock has a fifty day moving average price of $125.86 and a two-hundred day moving average price of $122.92. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating 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 business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Insider Activity at Kimberly-Clark

In related 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 sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

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.