OLD National Bancorp IN Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

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

A number of other institutional investors also recently bought and sold shares of KMB. OFI Invest Asset Management purchased a new stake in Kimberly-Clark during the 3rd quarter worth about $25,000. Cranbrook Wealth Management LLC increased 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 purchasing an additional 100 shares in the last quarter. Centerpoint Advisors LLC increased its position in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $35,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth about $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KMB shares. Barclays lifted their target price on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. The Goldman Sachs Group started coverage on Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $131.85.

Kimberly-Clark Price Performance

Shares of KMB opened at $135.98 on Wednesday. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The stock’s 50 day moving average is $124.78 and its two-hundred day moving average is $122.55. 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. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the firm posted $1.54 EPS. Kimberly-Clark’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker acquired 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, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, 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 owned by corporate insiders.

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.