Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Farmers Trust Co.

Farmers Trust Co. boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 108.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,088 shares of the company's stock after acquiring an additional 23,472 shares during the period. Kimberly-Clark accounts for 1.2% of Farmers Trust Co.'s portfolio, making the stock its 23rd largest holding. Farmers Trust Co.'s holdings in Kimberly-Clark were worth $6,412,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $25,000. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $29,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.0%

Shares of NYSE:KMB traded up $0.06 during trading hours on Friday, hitting $143.90. The company's stock had a trading volume of 3,382,846 shares, compared to its average volume of 2,179,610. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 4.46 and a beta of 0.35. The firm's fifty day moving average price is $137.66 and its 200 day moving average price is $135.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. 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 firm earned $2.01 EPS. As a group, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is currently 68.66%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KMB. Piper Sandler lowered their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Evercore ISI lowered their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, 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 report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $145.08.

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.