Crossmark Global Holdings Inc. Sells 6,294 Shares of Kimberly-Clark Corporation $KMB

Crossmark Global Holdings Inc. lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 25.3% in the 4th quarter, HoldingsChannel reports. The firm owned 18,555 shares of the company’s stock after selling 6,294 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kimberly-Clark were worth $1,872,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the second quarter worth approximately $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Finally, Investors Research Corp purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is owned by insiders.

Kimberly-Clark Stock Up 1.7%

Shares of NASDAQ KMB opened at $97.34 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The firm’s fifty day moving average is $98.80 and its 200 day moving average is $102.51. The company has a market cap of $32.31 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 4.30 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. Piper Sandler decreased 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Barclays reduced their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Finally, Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark 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.