Bank & Trust Co Sells 131 Shares of Kimberly-Clark Co. (NYSE:KMB)

Bank & Trust Co lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,379 shares of the company’s stock after selling 131 shares during the period. Bank & Trust Co’s holdings in Kimberly-Clark were worth $705,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after acquiring an additional 4,000 shares in the last quarter. Vest Financial LLC boosted its position in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Kimberly-Clark by 9.0% during the third quarter. Pathstone Holdings LLC now owns 51,217 shares of the company’s stock worth $7,294,000 after purchasing an additional 4,229 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Kimberly-Clark by 81.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 38,449 shares of the company’s stock valued at $5,471,000 after purchasing an additional 17,220 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on KMB shares. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. UBS Group lowered their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.71.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded up $0.61 during midday trading on Tuesday, reaching $126.73. 362,589 shares of the company were exchanged, compared to its average volume of 1,421,033. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a market cap of $42.26 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The business’s fifty day moving average is $133.76 and its two-hundred day moving average is $138.77. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 earnings per share. As a group, analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

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.