Convergence Investment Partners LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Convergence Investment Partners LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,450 shares of the company’s stock after selling 592 shares during the quarter. Convergence Investment Partners LLC’s holdings in Kimberly-Clark were worth $1,634,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Intellectus Partners LLC lifted its stake in shares of Kimberly-Clark by 22.5% during the 4th quarter. Intellectus Partners LLC now owns 6,028 shares of the company’s stock worth $739,000 after purchasing an additional 1,109 shares during the period. PGGM Investments raised its position in shares of Kimberly-Clark by 28.8% in the 4th quarter. PGGM Investments now owns 62,213 shares of the company’s stock worth $7,560,000 after buying an additional 13,903 shares during the period. Russell Investments Group Ltd. raised its position in shares of Kimberly-Clark by 52.6% in the 4th quarter. Russell Investments Group Ltd. now owns 182,006 shares of the company’s stock worth $22,088,000 after buying an additional 62,732 shares during the period. Addison Advisors LLC raised its position in shares of Kimberly-Clark by 239.5% in the 4th quarter. Addison Advisors LLC now owns 567 shares of the company’s stock worth $69,000 after buying an additional 400 shares during the period. Finally, Syon Capital LLC raised its position in shares of Kimberly-Clark by 22.0% in the 4th quarter. Syon Capital LLC now owns 4,669 shares of the company’s stock worth $567,000 after buying an additional 841 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. Royal Bank of Canada increased their target price on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Bank of America boosted their price objective on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.85.

Insider Transactions at Kimberly-Clark

In other news, Director Mark T. Smucker bought 827 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred on 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 directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.9 %

Kimberly-Clark stock traded down $1.19 during midday trading 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 current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The business has a fifty day moving average price of $125.86 and a 200 day moving average price of $122.89. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.09. The stock has a market cap of $45.54 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.86 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark 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.