PGGM Investments Acquires 13,903 Shares of Kimberly-Clark Co. (NYSE:KMB)

PGGM Investments raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 28.8% during the fourth quarter, Holdings Channel reports. The fund owned 62,213 shares of the company’s stock after buying an additional 13,903 shares during the period. PGGM Investments’ holdings in Kimberly-Clark were worth $7,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cranbrook Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Kimberly-Clark in the third quarter worth approximately $25,000. Centerpoint Advisors LLC grew its holdings in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMB. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday. Citigroup lifted their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Stock Down 0.9 %

Kimberly-Clark stock traded down $1.19 on Friday, hitting $135.24. 2,123,919 shares of the stock traded hands, compared to its average volume of 2,437,404. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The firm has a market cap of $45.54 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40. The business’s fifty day simple moving average is $125.86 and its 200 day simple moving average is $122.89. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.09.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, sell-side analysts forecast 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.