Kimberly-Clark Co. (NYSE:KMB) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,355 shares of the company’s stock after selling 740 shares during the period. Kimberly-Clark comprises approximately 0.6% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 23rd biggest position. First National Bank & Trust Co. of Newtown’s holdings in Kimberly-Clark were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KMB. Fairfield Bush & CO. acquired a new position in Kimberly-Clark during the 1st quarter worth $96,000. Sei Investments Co. grew its holdings in Kimberly-Clark by 22.2% during the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock worth $23,483,000 after acquiring an additional 34,646 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Kimberly-Clark by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock worth $36,066,000 after buying an additional 7,878 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Kimberly-Clark by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock worth $505,000 after buying an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Kimberly-Clark by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock worth $2,485,000 after buying an additional 4,503 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.3 %

Shares of Kimberly-Clark stock traded up $0.40 during trading on Friday, hitting $126.01. The stock had a trading volume of 969,358 shares, compared to its average volume of 2,101,197. The stock has a 50 day simple moving average of $124.12 and a 200 day simple moving average of $122.28. The company has a market capitalization of $42.45 billion, a PE ratio of 24.16, a P/E/G ratio of 3.75 and a beta of 0.40. 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 1 year low of $116.32 and a 1 year high of $147.87.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations 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 was up .7% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 3.87%. Kimberly-Clark’s payout ratio is presently 93.85%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMB. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Barclays raised their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Piper Sandler lifted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $131.85.

Insider Activity at Kimberly-Clark

In related news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

About Kimberly-Clark

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.