Kimberly-Clark Co. (NYSE:KMB) Stock Position Reduced by Community Bank N.A.

Community Bank N.A. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

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

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider now directly owns 3,098 shares of the company's stock, valued at approximately $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted 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 report on Friday, March 28th. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. UBS Group boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $143.73.

Kimberly-Clark Price Performance

Shares of KMB traded up $0.33 during mid-day trading on Friday, hitting $128.29. The company's stock had a trading volume of 5,306,945 shares, compared to its average volume of 2,193,239. The firm has a 50-day moving average price of $135.96 and a 200 day moving average price of $134.91. The stock has a market capitalization of $42.57 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38. 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 fifty-two week low of $124.10 and a fifty-two week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations 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 company posted $2.01 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

Kimberly-Clark 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.