RFG Advisory LLC Cuts Stock Holdings in Kimberly-Clark Corporation $KMB

RFG Advisory LLC reduced its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 76.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the company’s stock after selling 8,034 shares during the period. RFG Advisory LLC’s holdings in Kimberly-Clark were worth $250,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMB. Massachusetts Financial Services Co. MA raised its holdings in Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares in the last quarter. State Street Corp raised its position in Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after acquiring an additional 997,397 shares in the last quarter. Marshall Wace LLP raised its position in Kimberly-Clark by 331.6% in the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after acquiring an additional 851,024 shares in the last quarter. Federated Hermes Inc. raised its position in Kimberly-Clark by 52.0% in the third quarter. Federated Hermes Inc. now owns 2,406,849 shares of the company’s stock worth $299,268,000 after acquiring an additional 823,656 shares in the last quarter. Finally, M&T Bank Corp raised its position in Kimberly-Clark by 506.1% in the fourth quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after acquiring an additional 633,061 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 2.6%

Shares of KMB stock opened at $95.75 on Tuesday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The stock has a market cap of $31.78 billion, a P/E ratio of 15.03, a P/E/G ratio of 4.70 and a beta of 0.29. The business has a fifty day simple moving average of $99.08 and a 200-day simple moving average of $102.67. 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 (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating 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 business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 firm’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. In the last 90 days, insiders sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMB. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. UBS Group increased their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Piper Sandler dropped their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Citigroup dropped their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Four investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.93.

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.