Community Bank & Trust Waco Texas Sells 1,180 Shares of Kimberly-Clark Co. (NYSE:KMB)

Community Bank & Trust Waco Texas reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,982 shares of the company’s stock after selling 1,180 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Kimberly-Clark were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in KMB. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC raised its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Centerpoint Advisors LLC lifted its holdings in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $35,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Kimberly-Clark during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares in the company, valued at approximately $100,050.46. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on KMB shares. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. The Goldman Sachs Group started coverage on Kimberly-Clark in a research report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective on the stock. Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $131.85.

Kimberly-Clark Stock Up 5.7 %

Shares of KMB traded up $7.39 during midday trading on Tuesday, hitting $136.32. 4,261,176 shares of the company’s stock traded hands, compared to its average volume of 2,184,449. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The firm’s fifty day moving average is $124.44 and its 200-day moving average is $122.43. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.77 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s payout ratio is presently 93.85%.

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.