Kimberly-Clark Co. (NYSE:KMB) Position Cut by First Bank & Trust

First Bank & Trust lowered its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 47.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,988 shares of the company's stock after selling 3,660 shares during the period. First Bank & Trust's holdings in Kimberly-Clark were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. First Pacific Financial purchased a new position in Kimberly-Clark during the first quarter worth approximately $26,000. Minot DeBlois Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $29,000. Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at about $37,000. OFI Invest Asset Management acquired a new stake in Kimberly-Clark during the fourth quarter worth about $38,000. Finally, Menard Financial Group LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Trading Up 0.6%

Shares of NYSE KMB traded up $0.75 on Wednesday, reaching $132.36. 2,137,913 shares of the company traded hands, compared to its average volume of 2,201,318. The stock has a market capitalization of $43.92 billion, a PE ratio of 17.53, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. 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 company has a 50 day moving average of $134.28 and a 200 day moving average of $134.72.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The firm 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 last year, the firm earned $2.01 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 annualized dividend and a dividend yield of 3.81%. Kimberly-Clark's payout ratio is currently 68.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. Piper Sandler reduced their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. 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. Finally, Royal Bank Of Canada cut their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $143.50.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the transaction, the insider owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

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.