Kimberly-Clark Corporation $KMB Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 57.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,122 shares of the company’s stock after acquiring an additional 7,339 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kimberly-Clark were worth $2,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators raised its stake in shares of Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after acquiring an additional 87 shares during the period. Greatmark Investment Partners Inc. raised its stake in shares of Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares during the period. NTV Asset Management LLC raised its stake in shares of Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after acquiring an additional 103 shares during the period. Shoker Investment Counsel Inc. raised its stake in shares of Kimberly-Clark by 0.6% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 17,546 shares of the company’s stock valued at $2,182,000 after acquiring an additional 105 shares during the period. Finally, ORG Wealth Partners LLC raised its stake in shares of Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after acquiring an additional 114 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $98.44 on Wednesday. The company has a fifty day simple moving average of $100.77 and a two-hundred day simple moving average of $103.77. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 3.80 and a beta of 0.28. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.92 by $0.05. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KMB shares. UBS Group reduced their price target on shares of Kimberly-Clark from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $114.86.

Check Out Our Latest Stock Report on KMB

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Kimberly-Clark Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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