Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,356 shares of the company’s stock after buying an additional 446 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Kimberly-Clark were worth $1,987,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KMB. OFI Invest Asset Management acquired a new stake in Kimberly-Clark during the third quarter worth about $25,000. Cranbrook Wealth Management LLC grew its position in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Centerpoint Advisors LLC increased its holdings in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at about $35,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Bank of America raised their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a report on Wednesday. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Citigroup upped their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $135.50.

Kimberly-Clark Trading Down 1.0 %

Shares of NYSE:KMB opened at $136.43 on Friday. The stock has a market capitalization of $45.94 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 4.05 and a beta of 0.40. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.09. The company has a 50 day moving average price of $125.53 and a 200 day moving average price of $122.75. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.67 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 6.92 EPS for the current fiscal year.

Kimberly-Clark Profile

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.