Wesbanco Bank Inc. Sells 81 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wesbanco Bank Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,668 shares of the company’s stock after selling 81 shares during the quarter. Wesbanco Bank Inc.’s holdings in Kimberly-Clark were worth $1,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC raised its holdings in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Kimberly-Clark in the first quarter worth $27,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark during the first quarter worth $27,000. Wetzel Investment Advisors Inc. acquired a new stake in Kimberly-Clark in the 4th quarter valued at $35,000. Finally, Northwest Financial Advisors bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. BNP Paribas assumed coverage on Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Down 0.7 %

NYSE KMB opened at $140.27 on Friday. The business has a fifty day moving average price of $139.11 and a two-hundred day moving average price of $131.14. The stock has a market capitalization of $47.23 billion, a PE ratio of 25.97, a PEG ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.62. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. Equities analysts expect that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.48%. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.