OLD National Bancorp IN Sells 605 Shares of Kimberly-Clark Co. (NYSE:KMB)

OLD National Bancorp IN lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,523 shares of the company’s stock after selling 605 shares during the period. OLD National Bancorp IN’s holdings in Kimberly-Clark were worth $1,510,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMB. Clearbridge Investments LLC raised its holdings in Kimberly-Clark by 53.9% in the 2nd quarter. Clearbridge Investments LLC now owns 63,561 shares of the company’s stock valued at $8,784,000 after buying an additional 22,272 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $4,513,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Kimberly-Clark during the 2nd quarter worth $6,067,000. Central Pacific Bank Trust Division grew its position in shares of Kimberly-Clark by 4.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,221 shares of the company’s stock valued at $316,000 after buying an additional 90 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Kimberly-Clark by 6.9% in the third quarter. Czech National Bank now owns 68,610 shares of the company’s stock worth $9,762,000 after acquiring an additional 4,447 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $129.93 on Friday. The firm has a market capitalization of $43.33 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41. The firm has a fifty day simple moving average of $131.37 and a two-hundred day simple moving average of $137.31. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts forecast that Kimberly-Clark Co. will post 7.52 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 64.64%.

Analysts Set New Price Targets

Several research firms have issued reports on KMB. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Finally, UBS Group raised their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.