Texas Bank & Trust Co Invests $331,000 in Kimberly-Clark Co. (NYSE:KMB)

Texas Bank & Trust Co bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,523 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth about $29,000. Roxbury Financial LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Barclays cut their price objective on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI cut their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.08.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.33 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business’s 50 day moving average price is $137.09 and its 200-day moving average price is $134.75. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market cap of $46.23 billion, a P/E ratio of 18.45, a P/E/G ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the business earned $2.01 EPS. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.62%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider now directly owns 3,098 shares in the company, valued at approximately $405,032.52. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is owned by corporate insiders.

About Kimberly-Clark

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.