US Bancorp DE Lowers Stock Holdings in Kimberly-Clark Corporation $KMB

US Bancorp DE reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 250,322 shares of the company’s stock after selling 7,337 shares during the quarter. US Bancorp DE’s holdings in Kimberly-Clark were worth $25,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Kimberly-Clark by 50.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after buying an additional 2,628,206 shares during the period. State Street Corp lifted its holdings in shares of Kimberly-Clark by 5.0% in the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after buying an additional 997,397 shares during the period. Marshall Wace LLP lifted its holdings in shares of Kimberly-Clark by 331.6% in the 3rd quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock valued at $137,724,000 after buying an additional 851,024 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Kimberly-Clark by 52.0% in the 3rd quarter. Federated Hermes Inc. now owns 2,406,849 shares of the company’s stock valued at $299,268,000 after buying an additional 823,656 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Kimberly-Clark by 506.1% in the 4th quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock valued at $76,490,000 after buying an additional 633,061 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup reduced their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. TD Cowen reduced their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.93.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katy Chen sold 1,405 shares of Kimberly-Clark stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $96.95, for a total value of $136,214.75. Following the transaction, the insider directly owned 6,502 shares of the company’s stock, valued at approximately $630,368.90. This represents a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $97.67 on Friday. The stock has a fifty day moving average price of $100.29 and a 200 day moving average price of $103.68. The stock has a market cap of $32.42 billion, a PE ratio of 15.33, a P/E/G ratio of 4.48 and a beta of 0.29. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.54 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data 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 firm had revenue of $4.16 billion during 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 revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.49 earnings per share for the current fiscal year.

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.