Thomasville National Bank Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Thomasville National Bank trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,354 shares of the company’s stock after selling 75 shares during the period. Thomasville National Bank’s holdings in Kimberly-Clark were worth $602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Rise Advisors LLC lifted its position in Kimberly-Clark by 926.3% during the 1st 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 acquired a new stake in Kimberly-Clark during the 1st quarter worth about $27,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $35,000. Finally, Northwest Financial Advisors acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $40,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMB. HSBC boosted their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. UBS Group upped their price target on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Price Performance

Shares of KMB stock traded up $0.94 during trading hours on Wednesday, reaching $140.02. The company had a trading volume of 2,308,913 shares, compared to its average volume of 2,197,236. The company has a market capitalization of $47.15 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $145.62. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a fifty day moving average of $138.64 and a 200-day moving average of $131.01.

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. The company had revenue of $5.03 billion during 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%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared 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. This represents a $4.88 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on 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 in the company, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Insiders have sold 43,312 shares of company stock worth $6,106,519 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

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.