Berger Financial Group Inc Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Berger Financial Group Inc decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,582 shares of the company’s stock after selling 1,373 shares during the period. Berger Financial Group Inc’s holdings in Kimberly-Clark were worth $5,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Fairfield Bush & CO. purchased a new position in Kimberly-Clark during the first quarter worth about $96,000. Sei Investments Co. lifted its holdings in shares of Kimberly-Clark by 22.2% in the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock worth $23,483,000 after acquiring an additional 34,646 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Kimberly-Clark by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock worth $36,066,000 after purchasing an additional 7,878 shares during the period. Merit Financial Group LLC increased its holdings in Kimberly-Clark by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after purchasing an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Kimberly-Clark by 28.7% in the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after purchasing an additional 4,503 shares during the period. Institutional investors and hedge funds own 74.38% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating for the company in a research note on Wednesday, October 25th. Bank of America cut their price target on shares of Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. Sanford C. Bernstein raised shares of Kimberly-Clark from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $125.00 to $118.00 in a research note on Thursday, October 12th. HSBC began coverage on shares of Kimberly-Clark in a research note on Friday, September 22nd. They set a “hold” rating and a $133.00 target price on the stock. Finally, Barclays raised their price target on shares of Kimberly-Clark from $122.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $130.93.

Kimberly-Clark Stock Up 0.4 %

Kimberly-Clark stock traded up $0.45 during midday trading on Wednesday, reaching $121.59. The company’s stock had a trading volume of 197,396 shares, compared to its average volume of 1,704,062. The company has a market cap of $41.09 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.23 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 8.81. The business has a 50-day simple moving average of $121.92 and a 200-day simple moving average of $130.40. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 24th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.16. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.16 billion. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 6.59 earnings per share for the current fiscal year.

About Kimberly-Clark

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.