Stock Yards Bank & Trust Co. Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Stock Yards Bank & Trust Co. cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,902 shares of the company’s stock after selling 550 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Kimberly-Clark were worth $1,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Norges Bank purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $437,420,000. UBS Group AG lifted its holdings in shares of Kimberly-Clark by 13.3% in the 4th quarter. UBS Group AG now owns 919,669 shares of the company’s stock worth $111,749,000 after acquiring an additional 107,736 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of Kimberly-Clark by 103.5% during the 4th quarter. CreativeOne Wealth LLC now owns 5,836 shares of the company’s stock worth $709,000 after purchasing an additional 2,968 shares during the period. Assetmark Inc. increased its holdings in Kimberly-Clark by 17.0% in the 4th quarter. Assetmark Inc. now owns 11,297 shares of the company’s stock valued at $1,373,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Central Valley Advisors LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

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

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $141.66 on Wednesday. The stock’s 50-day simple moving average is $142.32 and its 200-day simple moving average is $135.83. The firm has a market capitalization of $47.70 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. BNP Paribas initiated coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.67.

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.