Roffman Miller Associates Inc. PA Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Roffman Miller Associates Inc. PA decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,703 shares of the company’s stock after selling 2,379 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Kimberly-Clark were worth $2,996,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Lincoln National Corp raised its position in Kimberly-Clark by 0.8% in the first quarter. Lincoln National Corp now owns 9,554 shares of the company’s stock worth $1,282,000 after acquiring an additional 73 shares in the last quarter. Avidian Wealth Solutions LLC increased its position in shares of Kimberly-Clark by 1.2% in the first quarter. Avidian Wealth Solutions LLC now owns 6,431 shares of the company’s stock valued at $863,000 after buying an additional 77 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Kimberly-Clark by 3.6% in the first quarter. Jones Financial Companies Lllp now owns 2,225 shares of the company’s stock valued at $299,000 after buying an additional 77 shares in the last quarter. WealthSpring Partners LLC increased its position in shares of Kimberly-Clark by 2.7% in the second quarter. WealthSpring Partners LLC now owns 2,936 shares of the company’s stock valued at $405,000 after buying an additional 78 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Kimberly-Clark by 0.8% in the second quarter. First Horizon Advisors Inc. now owns 9,370 shares of the company’s stock valued at $1,294,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total transaction of $664,835.60. Following the sale, the insider now directly owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Zackery A. Hicks sold 3,020 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total value of $360,678.60. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

KMB has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating for the company in a research report on Tuesday, October 10th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Bank of America decreased their price objective on Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. TheStreet lowered Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Tuesday, July 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $130.93.

Kimberly-Clark Stock Performance

NYSE KMB opened at $119.39 on Friday. The firm has a market capitalization of $40.35 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.19 and a beta of 0.38. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a debt-to-equity ratio of 8.81, a current ratio of 0.84 and a quick ratio of 0.54. The business’s 50-day simple moving average is $123.00 and its 200-day simple moving average is $131.56.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 24th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.58 by $0.16. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.16 billion. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. Equities analysts predict that Kimberly-Clark Co. will post 6.59 EPS for the current year.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.