Stock Yards Bank & Trust Co. Has $1.75 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Stock Yards Bank & Trust Co. reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.3% in the 4th quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Significant Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $324,000. Duality Advisers LP acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $3,762,000. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $399,000. MCF Advisors LLC increased its stake in shares of Kimberly-Clark by 16.9% in the fourth quarter. MCF Advisors LLC now owns 4,459 shares of the company’s stock worth $546,000 after acquiring an additional 646 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Kimberly-Clark by 284.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 9,374 shares of the company’s stock worth $1,140,000 after acquiring an additional 6,938 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMB. Deutsche Bank Aktiengesellschaft upped 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 began coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 price objective on the stock. HSBC boosted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Royal Bank of Canada restated a “sector perform” rating and set a $123.00 price target on shares of Kimberly-Clark in a report on Thursday, March 28th. Finally, Piper Sandler upped their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $131.85.

Insider Buying and Selling

In related news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $128.89 on Tuesday. The company has a market cap of $43.42 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 3.77 and a beta of 0.40. The business has a 50 day moving average price of $124.44 and a 200 day moving average price of $122.43. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results 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 company had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. Research analysts predict that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s 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.