Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,521 shares of the company’s stock after selling 178 shares during the quarter. Central Bank & Trust Co.’s holdings in Kimberly-Clark were worth $2,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Kimberly-Clark in the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on KMB shares. UBS Group cut their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Finally, Barclays reduced their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.71.

Insider Buying and Selling

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 sale, the vice president now directly owns 5,053 shares in the company, 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 filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Up 0.5 %

Kimberly-Clark stock opened at $127.33 on Tuesday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm’s 50-day moving average is $132.41 and its 200-day moving average is $137.98. The company has a market cap of $42.46 billion, a P/E ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its 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 firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.74 earnings per share. On average, equities analysts expect that Kimberly-Clark Co. will post 7.31 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

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.