Mitchell Mcleod Pugh & Williams Inc. Has $845,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Mitchell Mcleod Pugh & Williams Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,452 shares of the company’s stock after selling 600 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Kimberly-Clark were worth $845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Park Avenue Securities LLC lifted its stake in shares of Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the period. Pensionfund Sabic increased its holdings in Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC lifted its stake in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the period. Vest Financial LLC lifted its stake in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after buying an additional 21,339 shares during the period. Finally, Aprio Wealth Management LLC grew its position in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares during the period. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on KMB shares. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $143.71.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $127.33 on Monday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s fifty day simple moving average is $132.41 and its 200-day simple moving average is $137.98. The firm has a market cap of $42.46 billion, a PE ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Kimberly-Clark 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.