Comerica Bank Trims Position in Kimberly-Clark Corporation $KMB

Key Points

• Comerica Bank cut its holdings by 5.9% in Kimberly‑Clark in Q4, selling 11,768 shares and leaving 187,788 shares valued at $18,946,000 (about 0.06% of KMB).
• Analysts maintain a consensus "Hold" with an average price target of $114.86 after several firms trimmed targets recently (e.g., UBS to $105, Wells Fargo to $100, TD Cowen to $105).
• Kimberly‑Clark reported Q4 EPS of $1.86 (beat by $0.05) with revenue of $4.08B (slightly below estimates); the stock trades at a PE of 16.19 and a market cap of about $32.6B, with a one‑year range of $92.42–$144.30.

Comerica Bank cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 187,788 shares of the company's stock after selling 11,768 shares during the quarter. Comerica Bank owned 0.06% of Kimberly-Clark worth $18,946,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KMB. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $25,000. True Wealth Design LLC increased its holdings in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a report on Friday, March 27th. UBS Group cut their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, January 8th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. Finally, Piper Sandler cut their target price on shares of 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $114.86.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $98.25 on Tuesday. The firm has a market cap of $32.61 billion, a PE ratio of 16.19, a PEG ratio of 3.79 and a beta of 0.28. The firm has a fifty day moving average of $100.95 and a 200 day moving average of $103.92. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $144.30.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of the business's stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company's stock.

About Kimberly-Clark

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.

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