Berger Financial Group Inc Sells 255 Shares of Kimberly-Clark Co. (NYSE:KMB)

Berger Financial Group Inc lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,742 shares of the company’s stock after selling 255 shares during the period. Berger Financial Group Inc’s holdings in Kimberly-Clark were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Barclays PLC grew its stake in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the period. Passumpsic Savings Bank purchased a new position in shares of Kimberly-Clark in the third quarter valued at $212,000. Chelsea Counsel Co. increased its stake in Kimberly-Clark by 2.4% in the 3rd quarter. Chelsea Counsel Co. now owns 12,870 shares of the company’s stock worth $1,847,000 after acquiring an additional 300 shares during the last quarter. Tudor Financial Inc. purchased a new stake in Kimberly-Clark in the third quarter valued at approximately $280,000. Finally, World Investment Advisors LLC raised its stake in Kimberly-Clark by 50.4% in the third quarter. World Investment Advisors LLC now owns 4,920 shares of the company’s stock valued at $700,000 after purchasing an additional 1,648 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.5 %

Shares of KMB opened at $130.90 on Tuesday. The firm has a market cap of $43.43 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company’s 50-day moving average price is $139.48 and its 200 day moving average price is $135.38. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the previous year, the company posted $2.01 earnings per share. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. UBS Group raised their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.08.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

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.