Kimberly-Clark Corporation $KMB Shares Bought by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 1,638.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,718 shares of the company’s stock after purchasing an additional 7,274 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Kimberly-Clark were worth $779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Kimberly-Clark during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. grew its position in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. Finally, Investors Research Corp acquired a new position in Kimberly-Clark during the fourth quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 1.7%

Shares of NASDAQ KMB opened at $97.34 on Wednesday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The firm’s 50 day moving average price is $98.80 and its 200 day moving average price is $102.51. The firm has a market cap of $32.31 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 4.30 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned $1.93 earnings per share. Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Barclays reduced their price target 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. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four 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 company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $114.93.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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. In the last 90 days, insiders have sold 7,096 shares of company stock worth $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.