Community Bank N.A. Trims Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Community Bank N.A. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,694 shares of the company’s stock after selling 328 shares during the quarter. Community Bank N.A.’s holdings in Kimberly-Clark were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in KMB. Wulff Hansen & CO. increased its stake in Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after acquiring an additional 503,839 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after purchasing an additional 358,926 shares during the period. Dimensional Fund Advisors LP raised its stake in Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Kimberly-Clark by 32.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after buying an additional 330,327 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays increased their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Price Performance

KMB stock opened at $139.35 on Monday. The stock’s 50 day moving average is $138.49 and its two-hundred day moving average is $139.30. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a market capitalization of $46.47 billion, a PE ratio of 18.07, a P/E/G ratio of 2.92 and a beta of 0.40. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark 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 transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.