Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,379 shares of the company’s stock after selling 493 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Kimberly-Clark were worth $1,747,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMB. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $25,000. Cranbrook Wealth Management LLC lifted its position in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Centerpoint Advisors LLC boosted its holdings in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $35,000. Finally, Legacy Financial Group LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Kimberly-Clark in a report on Friday, March 1st. They set a “buy” rating and a $135.00 price objective on the stock. HSBC boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Piper Sandler lifted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $131.85.

Insiders Place Their Bets

In related news, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction that occurred on 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 acquisition, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $128.89 on Tuesday. The stock’s 50 day moving average is $124.44 and its two-hundred day moving average is $122.43. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The firm has a market capitalization of $43.42 billion, a PE ratio of 24.79, a P/E/G ratio of 3.77 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 (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a yield of 3.79%. Kimberly-Clark’s dividend payout ratio is 93.85%.

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.