Sound View Wealth Advisors Group LLC Has $4.10 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Sound View Wealth Advisors Group LLC lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,849 shares of the company’s stock after selling 1,740 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Kimberly-Clark were worth $4,103,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Elevate Capital Advisors LLC grew its position in shares of Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock worth $1,770,000 after buying an additional 3,944 shares during the period. Unigestion Holding SA grew its holdings in Kimberly-Clark by 8.2% in the first quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock worth $18,145,000 after purchasing an additional 9,643 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares during the period. Farmers Trust Co. grew its holdings in Kimberly-Clark by 108.6% in the first quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock worth $6,412,000 after purchasing an additional 23,472 shares during the period. Finally, United Community Bank grew its stake in shares of Kimberly-Clark by 340.0% in the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after buying an additional 14,309 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.1%

Kimberly-Clark stock opened at $125.29 on Thursday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The stock has a market cap of $41.57 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The firm’s 50-day simple moving average is $132.08 and its 200 day simple moving average is $134.54. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider owned 3,997 shares of the company’s stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $126.00 to $125.00 and set an “underweight” rating for the company in a research note on Friday, July 25th. Royal Bank Of Canada reduced their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target for the company. UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, Wall Street Zen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.90.

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.