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

First United Bank & Trust lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367 shares of the company’s stock after selling 80 shares during the period. First United Bank & Trust’s holdings in Kimberly-Clark were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at $29,000. DiNuzzo Private Wealth Inc. increased its stake in 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 purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank purchased a new position in Kimberly-Clark during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred 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 owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $127.33 on Tuesday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm’s fifty day moving average price is $132.41 and its 200 day moving average price is $137.98. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.41. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) 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 firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMB. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Barclays decreased their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.71.

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.