Parsons Capital Management Inc. RI Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

Parsons Capital Management Inc. RI lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,345 shares of the company’s stock after selling 228 shares during the period. Parsons Capital Management Inc. RI’s holdings in Kimberly-Clark were worth $691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KMB. Drive Wealth Management LLC boosted its holdings in Kimberly-Clark by 7.1% during the first quarter. Drive Wealth Management LLC now owns 1,889 shares of the company’s stock worth $247,000 after buying an additional 126 shares in the last quarter. Sentry LLC acquired a new position in shares of Kimberly-Clark in the first quarter worth about $211,000. Raymond James & Associates boosted its stake in shares of Kimberly-Clark by 5.3% during the 1st quarter. Raymond James & Associates now owns 1,415,085 shares of the company’s stock worth $183,041,000 after acquiring an additional 70,999 shares in the last quarter. Signature Wealth Management Group grew its position in shares of Kimberly-Clark by 3.4% during the 1st quarter. Signature Wealth Management Group now owns 30,840 shares of the company’s stock valued at $3,911,000 after acquiring an additional 1,013 shares during the period. Finally, Accordant Advisory Group Inc purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.9 %

NYSE:KMB traded down $1.19 on Friday, hitting $135.24. The stock had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The company has a fifty day moving average price of $125.86 and a two-hundred day moving average price of $122.92. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.09. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The stock has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.86 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 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Equities research analysts expect that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMB. UBS Group upped their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday. HSBC upped their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $134.85.

Insider Activity

In related news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were 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 in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

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.