First Citizens Bank & Trust Co. Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

First Citizens Bank & Trust Co. decreased its stake in Kimberly-Clark Co. (NYSE:KMB) by 75.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,889 shares of the company’s stock after selling 17,641 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kimberly-Clark were worth $772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Kimberly-Clark in the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth about $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was 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. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. UBS Group cut their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.71.

Kimberly-Clark Stock Up 2.2 %

KMB opened at $131.27 on Tuesday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. 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 has a market cap of $43.77 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41. The stock’s 50 day moving average price is $131.85 and its 200 day moving average price is $137.56.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Kimberly-Clark Company 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.