OLD National Bancorp IN Sells 3,751 Shares of Kimberly-Clark Co. (NYSE:KMB)

OLD National Bancorp IN lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,929 shares of the company’s stock after selling 3,751 shares during the quarter. OLD National Bancorp IN’s holdings in Kimberly-Clark were worth $1,449,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after acquiring an additional 177,712 shares during the period. American Century Companies Inc. boosted its holdings in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the period. Morgan Stanley boosted its holdings in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after acquiring an additional 212,739 shares during the period. Northern Trust Corp boosted its holdings in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after acquiring an additional 155,066 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after buying an additional 148,076 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KMB. Wells Fargo & Company upped their target price on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Barclays upped their target price on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $131.85.

Kimberly-Clark Stock Up 5.5 %

Shares of KMB stock opened at $135.98 on Wednesday. The stock’s 50-day simple moving average is $124.78 and its 200-day simple moving average is $122.55. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm has a market capitalization of $45.81 billion, a PE ratio of 26.15, a P/E/G ratio of 3.83 and a beta of 0.40. 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 Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Insider Transactions at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.