American National Bank & Trust Sells 2,864 Shares of Kimberly-Clark Co. (NYSE:KMB)

American National Bank & Trust reduced its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 81.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663 shares of the company's stock after selling 2,864 shares during the quarter. American National Bank & Trust's holdings in Kimberly-Clark were worth $94,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark in the fourth quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $145.08.

Kimberly-Clark Stock Down 2.3%

Shares of KMB traded down $3.13 during trading hours on Thursday, hitting $135.30. The stock had a trading volume of 3,515,368 shares, compared to its average volume of 2,179,762. The firm has a market capitalization of $44.89 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a 50 day simple moving average of $137.50 and a 200-day simple moving average of $135.48.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $2.01 EPS. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.73%. Kimberly-Clark's payout ratio is 68.66%.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% 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.