Swiss Life Asset Management Ltd Buys 407,704 Shares of Kimberly-Clark Corporation $KMB

Swiss Life Asset Management Ltd grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 227.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 586,633 shares of the company’s stock after purchasing an additional 407,704 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Kimberly-Clark were worth $59,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. increased its position in Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Investors Research Corp bought a new stake in Kimberly-Clark in the fourth quarter worth $33,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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 report on Friday, March 13th. Citigroup reduced their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Four investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $114.93.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction 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. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Kimberly-Clark stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders have sold 7,096 shares of company stock valued at $689,687 over the last ninety days. 0.75% of the stock is owned by insiders.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $98.31 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The company has a fifty day moving average of $99.59 and a two-hundred day moving average of $103.00. The firm has a market capitalization of $32.63 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 4.70 and a beta of 0.29. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. Kimberly-Clark’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 earnings per share. On average, analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Company Profile

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.