Folger Nolan Fleming Douglas Capital Management Inc. Has $2.25 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,528 shares of the company’s stock after selling 400 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimberly-Clark were worth $2,251,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $869,090,000 after buying an additional 177,712 shares during the last quarter. American Century Companies Inc. raised its stake in Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Morgan Stanley raised its stake in Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Northern Trust Corp raised its stake in Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in 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 purchasing an additional 148,076 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. HSBC lifted their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Bank of America lifted their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.85.

Insider Activity at Kimberly-Clark

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

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $1.19 during midday trading on Friday, hitting $135.24. 2,123,919 shares of the company traded hands, compared to its average volume of 2,437,404. The stock has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.90 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The firm’s fifty day moving average price is $125.86 and its 200-day moving average price is $122.87. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.09.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 6.98 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.