Kimberly-Clark Co. (NYSE:KMB) Position Cut by First United Bank & Trust

First United Bank & Trust lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367 shares of the company’s stock after selling 80 shares during the period. First United Bank & Trust’s holdings in Kimberly-Clark were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMB. Thrivent Financial for Lutherans raised its position in shares of Kimberly-Clark by 4.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock worth $4,010,000 after buying an additional 1,155 shares in the last quarter. Summit Trail Advisors LLC lifted its position in Kimberly-Clark by 12.8% in the second quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company’s stock worth $827,000 after purchasing an additional 673 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Kimberly-Clark by 12,203.4% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock valued at $493,000 after purchasing an additional 3,539 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Kimberly-Clark by 44.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,455 shares of the company’s stock valued at $204,000 after purchasing an additional 448 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 30.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock worth $346,000 after buying an additional 594 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.5 %

Kimberly-Clark stock opened at $127.33 on Tuesday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company’s fifty day moving average price is $132.41 and its two-hundred day moving average price is $137.98. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 3.56 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. On average, analysts forecast that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.83%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KMB shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Barclays reduced their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark Company 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.