IHT Wealth Management LLC Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

IHT Wealth Management LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,041 shares of the company's stock after selling 2,074 shares during the quarter. IHT Wealth Management LLC's holdings in Kimberly-Clark were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth about $32,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $35,000. Institutional investors own 76.29% of the company's stock.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,794 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the sale, the insider now directly owns 3,098 shares of the company's stock, valued at $405,032.52. This represents a 36.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,132 shares of company stock worth $2,112,706 in the last ninety days. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KMB shares. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Evercore ISI decreased their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. StockNews.com lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Piper Sandler lowered their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Stock Up 0.7 %

NYSE:KMB traded up $0.90 during trading hours on Wednesday, reaching $131.45. The company had a trading volume of 874,638 shares, compared to its average volume of 2,227,436. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 4.46 and a beta of 0.37. The business's 50-day simple moving average is $139.32 and its two-hundred day simple moving average is $135.34.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $2.01 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current 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.