City State Bank Buys 80 Shares of Kimberly-Clark Co. (NYSE:KMB)

Posted by James Quigley on Mar 19th, 2023

City State Bank boosted its stake in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,729 shares of the company’s stock after buying an additional 80 shares during the quarter. City State Bank’s holdings in Kimberly-Clark were worth $370,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Fairfield Bush & CO. bought a new stake in shares of Kimberly-Clark in the 1st quarter worth about $96,000. Sei Investments Co. boosted its position in Kimberly-Clark by 22.2% in the first quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after buying an additional 34,646 shares in the last quarter. Baird Financial Group Inc. grew its stake in Kimberly-Clark by 2.8% during the first quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock worth $36,066,000 after buying an additional 7,878 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Kimberly-Clark by 23.9% during the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock worth $505,000 after buying an additional 791 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Kimberly-Clark by 28.7% in the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,503 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 1.2 %

NYSE:KMB traded down $1.54 during mid-day trading on Friday, hitting $125.37. The company had a trading volume of 5,456,024 shares, compared to its average volume of 1,457,270. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.47 and a current ratio of 0.78. Kimberly-Clark Co. has a fifty-two week low of $108.74 and a fifty-two week high of $144.53. The firm has a market cap of $42.31 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.17 and a beta of 0.39. The business’s fifty day moving average is $129.31 and its two-hundred day moving average is $127.57.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. Kimberly-Clark’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. As a group, research analysts expect that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.16. Kimberly-Clark’s dividend payout ratio (DPR) is currently 82.52%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMB. Barclays decreased their price target on Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Jefferies Financial Group lowered Kimberly-Clark from a “buy” rating to a “hold” rating and raised their target price for the company from $137.00 to $139.00 in a research note on Wednesday, January 4th. Citigroup initiated coverage on shares of Kimberly-Clark in a research report on Thursday, February 16th. They set a “sell” rating and a $120.00 price target on the stock. StockNews.com assumed coverage on shares of Kimberly-Clark in a report on Thursday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $135.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, January 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $128.00.

About Kimberly-Clark

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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.