Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lessened by First Financial Corp IN

First Financial Corp IN lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 44.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 494 shares of the company’s stock after selling 396 shares during the period. First Financial Corp IN’s holdings in Kimberly-Clark were worth $64,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its position in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Morgan Stanley grew its position in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $437,420,000. Royal Bank of Canada increased its stake in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after acquiring an additional 524,632 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $1.27 during trading on Tuesday, hitting $138.43. 1,644,168 shares of the company’s stock traded hands, compared to its average volume of 2,153,968. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm’s fifty day moving average price is $134.83 and its 200 day moving average price is $127.08. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $142.20. The company has a market cap of $46.61 billion, a PE ratio of 25.68, a PEG ratio of 3.14 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the business earned $1.67 EPS. The firm’s revenue was down .9% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.06 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group boosted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, StockNews.com raised Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.64.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock worth $3,332,776 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

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.