Kimberly-Clark Co. (NYSE:KMB) Stock Position Reduced by Candlestick Capital Management LP

Candlestick Capital Management LP lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 281,800 shares of the company's stock after selling 54,362 shares during the period. Candlestick Capital Management LP owned about 0.08% of Kimberly-Clark worth $36,927,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $32,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $35,000. Institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Katy Chen sold 1,794 shares of the company's stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,132 shares of company stock valued at $2,112,706. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KMB shares. Barclays dropped their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group boosted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler dropped their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Stock Up 0.8 %

KMB traded up $1.08 during trading hours on Wednesday, hitting $131.63. 2,928,579 shares of the company's stock were exchanged, compared to its average volume of 2,126,522. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The firm has a 50 day moving average of $139.14 and a 200 day moving average of $135.32. The firm has a market cap of $43.68 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter in the previous year, the business posted $2.01 EPS. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

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.