City State Bank Reduces Stake in Kimberly-Clark Co. (NYSE:KMB)

City State Bank lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,398 shares of the company’s stock after selling 84 shares during the quarter. City State Bank’s holdings in Kimberly-Clark were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the second quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.26 during mid-day trading on Monday, hitting $124.72. 448,155 shares of the company’s stock were exchanged, compared to its average volume of 1,673,664. The firm has a market capitalization of $41.59 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business’s 50 day moving average is $133.11 and its two-hundred day moving average is $138.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction 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 owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade 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 the SEC website. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research 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 for the company. in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler cut their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $147.57.

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.