Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Trimmed by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,381 shares of the company's stock after selling 2,140 shares during the quarter. Central Bank & Trust Co.'s holdings in Kimberly-Clark were worth $2,330,000 as of its most recent SEC filing.

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

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded down $0.19 during midday trading on Wednesday, reaching $132.85. 1,679,940 shares of the company were exchanged, compared to its average volume of 2,180,008. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $44.08 billion, a P/E ratio of 17.60, a PEG ratio of 4.46 and a beta of 0.38. The stock has a fifty day simple moving average of $136.85 and a 200 day simple moving average of $135.39. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly 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. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the firm posted $2.01 EPS. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.79%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KMB shares. Evercore ISI decreased their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler decreased their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. 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 research note on Friday, April 11th. Finally, Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $145.08.

Insiders Place Their Bets

In other 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. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by insiders.

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.