Crestwood Advisors Group LLC Trims Stock Position in Kimberly-Clark Corporation $KMB

Crestwood Advisors Group LLC cut its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 23.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,714 shares of the company’s stock after selling 8,217 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Kimberly-Clark were worth $2,695,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KMB. Vanguard Group Inc. raised its stake in Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after buying an additional 315,981 shares in the last quarter. State Street Corp grew its holdings in shares of Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after acquiring an additional 997,397 shares during the period. Massachusetts Financial Services Co. MA raised its position 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 worth $790,934,000 after acquiring an additional 2,628,206 shares in the last quarter. Capital World Investors raised its position in shares of Kimberly-Clark by 0.3% in the 3rd quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock worth $614,357,000 after acquiring an additional 14,306 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Kimberly-Clark by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock valued at $483,707,000 after purchasing an additional 9,951 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KMB. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barclays dropped their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Citigroup dropped their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Four equities research 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. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Trading Down 1.3%

Kimberly-Clark stock opened at $98.31 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The company has a market capitalization of $32.63 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 4.76 and a beta of 0.29. The business’s fifty day simple moving average is $99.59 and its two-hundred day simple moving average is $103.00. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly 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 firm had revenue of $4.16 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by company insiders.

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.