M&T Bank Corp Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

M&T Bank Corp reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 145,432 shares of the company’s stock after selling 8,539 shares during the quarter. M&T Bank Corp’s holdings in Kimberly-Clark were worth $19,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KMB. Catalina Capital Group LLC lifted its stake in shares of Kimberly-Clark by 8.7% during the 3rd quarter. Catalina Capital Group LLC now owns 2,138 shares of the company’s stock valued at $304,000 after buying an additional 171 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at approximately $983,000. Centennial Wealth Advisory LLC lifted its stake in shares of Kimberly-Clark by 2.6% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,261 shares of the company’s stock valued at $606,000 after buying an additional 106 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Kimberly-Clark by 3.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,105 shares of the company’s stock valued at $1,722,000 after buying an additional 402 shares in the last quarter. Finally, Forte Capital LLC ADV increased its holdings in Kimberly-Clark by 5.0% during the 3rd quarter. Forte Capital LLC ADV now owns 12,075 shares of the company’s stock worth $1,718,000 after acquiring an additional 580 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.5 %

Shares of Kimberly-Clark stock opened at $141.79 on Thursday. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $149.31. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a 50-day moving average of $131.92 and a 200 day moving average of $136.52. The firm has a market cap of $47.03 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.55%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is presently 66.75%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMB shares. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. UBS Group upped their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Citigroup decreased their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by 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.