Kimberly-Clark Corporation $KMB Holdings Decreased by Keybank National Association OH

Keybank National Association OH lessened its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 36.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 79,946 shares of the company’s stock after selling 45,786 shares during the quarter. Keybank National Association OH’s holdings in Kimberly-Clark were worth $7,712,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. TSG Advice Partners LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth about $268,000. Root Financial Partners LLC boosted its holdings in shares of Kimberly-Clark by 17.6% in the first quarter. Root Financial Partners LLC now owns 847 shares of the company’s stock valued at $82,000 after acquiring an additional 127 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Kimberly-Clark by 3.7% during the first quarter. Essex Financial Services Inc. now owns 10,050 shares of the company’s stock valued at $970,000 after acquiring an additional 363 shares during the period. IFM Investors Pty Ltd lifted its position in Kimberly-Clark by 4.2% in the first quarter. IFM Investors Pty Ltd now owns 66,869 shares of the company’s stock worth $6,451,000 after purchasing an additional 2,719 shares during the period. Finally, Rexford Capital Inc. boosted its stake in Kimberly-Clark by 3.4% during the 1st quarter. Rexford Capital Inc. now owns 4,191 shares of the company’s stock valued at $404,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler raised their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $115.43.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,096 shares of company stock worth $689,687 in the last three months. 0.75% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $114.72 on Friday. The company has a market capitalization of $38.08 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 5.14 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a fifty day moving average of $100.78 and a 200-day moving average of $101.12. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.5%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.