Vanguard Group Inc. Grows Stake in Kimberly-Clark Corporation $KMB

Key Points

• Vanguard increased its stake by 0.8% in Q4, holding 40,846,734 shares — about 12.31% of Kimberly‑Clark worth roughly $4.12 billion.
• Analysts have trimmed price targets recently and MarketBeat's consensus rating is Hold with an average target of $114.86 (ratings: 4 Buy, 11 Hold, 1 Sell).
• Kimberly‑Clark beat EPS estimates ($1.86 vs. $1.81) but revenue fell 0.6% year‑over‑year; the stock trades near $98 with a P/E of 16.19 and a market cap of $32.61 billion.

Vanguard Group Inc. grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,846,734 shares of the company's stock after acquiring an additional 315,981 shares during the quarter. Vanguard Group Inc. owned about 12.31% of Kimberly-Clark worth $4,121,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Argyle Capital Management LLC increased its holdings in shares of Kimberly-Clark by 20.5% in the 4th quarter. Argyle Capital Management LLC now owns 5,583 shares of the company's stock valued at $563,000 after acquiring an additional 950 shares during the period. Wealth Alliance Advisory Group LLC increased its holdings in shares of Kimberly-Clark by 26.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 3,002 shares of the company's stock valued at $303,000 after acquiring an additional 633 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Kimberly-Clark by 57.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 20,122 shares of the company's stock valued at $2,030,000 after acquiring an additional 7,339 shares during the period. Lebenthal Global Advisors LLC increased its holdings in shares of Kimberly-Clark by 47.3% in the 4th quarter. Lebenthal Global Advisors LLC now owns 7,404 shares of the company's stock valued at $747,000 after acquiring an additional 2,379 shares during the period. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of Kimberly-Clark by 12.8% in the 4th quarter. N.E.W. Advisory Services LLC now owns 3,794 shares of the company's stock valued at $383,000 after acquiring an additional 430 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler dropped their target price on Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. TD Cowen dropped their target price on Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, January 8th. Citigroup dropped their target price on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. Finally, Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $114.86.

Kimberly-Clark Stock Performance

Shares of KMB opened at $98.25 on Tuesday. The stock has a 50-day moving average of $100.95 and a two-hundred day moving average of $103.92. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $144.30. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock has a market cap of $32.61 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.79 and a beta of 0.28.

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 analysts' consensus estimates of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Kimberly-Clark Company 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.

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