Community Bank N.A. Sells 4,523 Shares of Kimberly-Clark Co. (NYSE:KMB)

Community Bank N.A. decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,690 shares of the company's stock after selling 4,523 shares during the period. Community Bank N.A.'s holdings in Kimberly-Clark were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark in the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $38,000. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark 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 sale, the insider now directly owns 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMB. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Piper Sandler dropped their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Royal Bank Of Canada lowered their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $143.73.

Kimberly-Clark Stock Down 0.8%

Shares of NYSE KMB opened at $127.96 on Thursday. The company's 50 day moving average price is $136.38 and its 200-day moving average price is $135.06. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The company has a market capitalization of $42.46 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.94%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

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.

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