Northern Trust Corp Buys 445,552 Shares of Kimberly-Clark Co. (NYSE:KMB)

Northern Trust Corp lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,974,239 shares of the company’s stock after acquiring an additional 445,552 shares during the period. Northern Trust Corp owned approximately 1.19% of Kimberly-Clark worth $520,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $32,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Finally, Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the sale, the insider now owns 3,098 shares in the company, valued at approximately $405,032.52. This represents a 36.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following 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 disclosure for this sale can be found here. Insiders have sold 15,132 shares of company stock worth $2,112,706 over the last ninety days. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Down 0.3 %

Shares of KMB opened at $130.53 on Wednesday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm’s 50-day moving average price is $139.32 and its 200-day moving average price is $135.34. The firm has a market capitalization of $43.31 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 4.46 and a beta of 0.37.

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

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Citigroup decreased their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Piper Sandler dropped their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.08.

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.