Larson Financial Group LLC Has $502,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Larson Financial Group LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,131 shares of the company’s stock after selling 220 shares during the period. Larson Financial Group LLC’s holdings in Kimberly-Clark were worth $502,000 as of its most recent SEC filing.

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

Kimberly-Clark Stock Up 5.5 %

Shares of KMB stock opened at $135.98 on Wednesday. The stock’s 50 day simple moving average is $124.78 and its 200 day simple moving average is $122.55. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The company has a market capitalization of $45.81 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 3.83 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business earned $1.54 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Insider Buying and Selling

In related news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMB. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 price objective on shares of Kimberly-Clark in a research report on Thursday, March 28th. Barclays upped their target price on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Wells Fargo & Company raised their price target on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on Kimberly-Clark in a research note on Friday, March 1st. They issued a “buy” rating and a $135.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.85.

About Kimberly-Clark

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.