Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,112 shares of the company’s stock after selling 500 shares during the period. Blodgett Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $500,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $25,000. Cranbrook Wealth Management LLC increased its stake in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Centerpoint Advisors LLC increased its stake in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $35,000. Finally, Legacy Financial Group LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE:KMB traded down $1.19 during trading hours on Friday, reaching $135.24. The stock had a trading volume of 2,123,854 shares, compared to its average volume of 2,231,645. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.09. The firm’s 50 day moving average is $125.86 and its 200-day moving average is $122.87. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 4.05 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last posted 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. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. Research analysts predict that Kimberly-Clark Co. will post 6.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were 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 owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on KMB. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Bank of America increased their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday. UBS Group increased their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $135.50.

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.