Kimberly-Clark Co. (NYSE:KMB) Shares Sold by 1ST Source Bank

1ST Source Bank decreased its stake in Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 11,957 shares of the company’s stock after selling 825 shares during the quarter. 1ST Source Bank’s holdings in Kimberly-Clark were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swedbank AB grew its holdings in shares of Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares in the last quarter. Fiduciary Financial Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $317,000. Blue Trust Inc. boosted its stake in Kimberly-Clark by 26.6% during the 2nd quarter. Blue Trust Inc. now owns 2,364 shares of the company’s stock valued at $306,000 after acquiring an additional 496 shares during the last quarter. Gradient Investments LLC grew its position in shares of Kimberly-Clark by 632.7% during the 2nd quarter. Gradient Investments LLC now owns 1,231 shares of the company’s stock valued at $170,000 after buying an additional 1,063 shares during the last quarter. Finally, 1858 Wealth Management LLC grew its position in shares of Kimberly-Clark by 19.2% during the second quarter. 1858 Wealth Management LLC now owns 2,127 shares of the company’s stock worth $294,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group lowered their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays upped their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.49 on Friday, reaching $131.38. 329,366 shares of the stock traded hands, compared to its average volume of 2,108,050. The firm has a market cap of $43.81 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 2.74 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock’s 50-day moving average price is $137.27 and its 200-day moving average price is $139.31. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced 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. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by company 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.