Legacy Private Trust Co. Sells 895 Shares of Kimberly-Clark Co. (NYSE:KMB)

Legacy Private Trust Co. reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,696 shares of the company’s stock after selling 895 shares during the period. Legacy Private Trust Co.’s holdings in Kimberly-Clark were worth $6,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Farmers Trust Co. raised its stake in shares of Kimberly-Clark by 2.6% during the fourth quarter. Farmers Trust Co. now owns 21,616 shares of the company’s stock valued at $2,833,000 after acquiring an additional 539 shares in the last quarter. InvesTrust purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $420,000. Peoples Bank KS grew its position in shares of Kimberly-Clark by 24.7% during the 4th quarter. Peoples Bank KS now owns 2,427 shares of the company’s stock worth $318,000 after buying an additional 480 shares in the last quarter. Range Financial Group LLC increased its stake in shares of Kimberly-Clark by 148.8% during the fourth quarter. Range Financial Group LLC now owns 18,209 shares of the company’s stock valued at $2,386,000 after buying an additional 10,890 shares during the period. Finally, Diversified Trust Co raised its holdings in shares of Kimberly-Clark by 0.3% in the fourth quarter. Diversified Trust Co now owns 69,648 shares of the company’s stock valued at $9,127,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMB shares. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Piper Sandler reduced their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.57.

Kimberly-Clark Stock Performance

KMB traded down $0.67 during trading on Wednesday, reaching $126.63. 1,763,434 shares of the company’s stock were exchanged, compared to its average volume of 1,803,869. The company’s fifty day simple moving average is $133.61 and its 200-day simple moving average is $138.68. The stock has a market capitalization of $42.23 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 earnings per share. As a group, research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.