1ST Source Bank Sells 825 Shares of Kimberly-Clark Co. (NYSE:KMB)

1ST Source Bank lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,957 shares of the company’s stock after selling 825 shares during the period. 1ST Source Bank’s holdings in Kimberly-Clark were worth $1,701,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. American Trust lifted its position in Kimberly-Clark by 8.3% during the third quarter. American Trust now owns 3,771 shares of the company’s stock worth $537,000 after acquiring an additional 290 shares during the last quarter. Franklin Resources Inc. increased its stake in Kimberly-Clark by 20.3% in the third quarter. Franklin Resources Inc. now owns 418,270 shares of the company’s stock valued at $60,038,000 after acquiring an additional 70,633 shares during the last quarter. Tidal Investments LLC increased its stake in Kimberly-Clark by 9.7% in the third quarter. Tidal Investments LLC now owns 33,947 shares of the company’s stock valued at $4,830,000 after acquiring an additional 2,993 shares during the last quarter. Optimist Retirement Group LLC boosted its position in Kimberly-Clark by 2.7% in the third quarter. Optimist Retirement Group LLC now owns 17,678 shares of the company’s stock valued at $2,515,000 after buying an additional 461 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Kimberly-Clark by 81.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 38,449 shares of the company’s stock valued at $5,471,000 after buying an additional 17,220 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMB. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Barclays lifted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.49 during mid-day trading on Friday, hitting $131.38. 329,366 shares of the company traded hands, compared to its average volume of 2,108,050. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a 50-day moving average price of $137.27 and a two-hundred day moving average price of $139.31. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock has a market cap of $43.81 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. Equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.71%. Kimberly-Clark’s payout ratio is 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.