OLD Point Trust & Financial Services N A Sells 340 Shares of Kimberly-Clark Co. (NYSE:KMB)

OLD Point Trust & Financial Services N A reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,001 shares of the company’s stock after selling 340 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Kimberly-Clark were worth $972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after buying an additional 13,806 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Kimberly-Clark in the fourth quarter valued at about $4,253,000. Nixon Peabody Trust Co. bought a new position in Kimberly-Clark in the fourth quarter valued at about $1,081,000. Rockline Wealth Management LLC bought a new position in Kimberly-Clark in the fourth quarter valued at about $1,661,000. Finally, Nordea Investment Management AB raised its position in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their target price on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Piper Sandler increased their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Bank of America increased their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday, April 24th. Finally, UBS Group increased their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $137.85.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE KMB traded down $1.29 during midday trading on Friday, hitting $134.48. 2,185,171 shares of the stock traded hands, compared to its average volume of 1,821,438. The company has a market cap of $45.28 billion, a PE ratio of 24.72, a P/E/G ratio of 3.68 and a beta of 0.38. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $139.75. The business has a 50 day moving average price of $132.10 and a two-hundred day moving average price of $125.78. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark Co. will post 7.02 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.63%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In other news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock valued at $3,332,776 in the last 90 days. Insiders own 0.62% of the company’s stock.

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.