M&T Bank Corp Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

M&T Bank Corp reduced its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,975 shares of the company's stock after selling 2,457 shares during the quarter. M&T Bank Corp's holdings in Kimberly-Clark were worth $20,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SageView Advisory Group LLC boosted its stake in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after buying an additional 74 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares during the last quarter. Tudor Financial Inc. boosted its stake in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH boosted its stake in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares during the last quarter. Finally, Hoge Financial Services LLC boosted its stake in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider owned 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. UBS Group lifted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Royal Bank Of Canada lowered their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $143.50.

Kimberly-Clark Price Performance

Shares of KMB stock traded down $2.57 during trading hours on Friday, hitting $129.38. The stock had a trading volume of 1,846,626 shares, compared to its average volume of 2,214,847. Kimberly-Clark Co. has a one year low of $124.10 and a one year 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 stock's 50-day moving average price is $134.33 and its two-hundred day moving average price is $134.73. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 4.46 and a beta of 0.35.

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 for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.90%. Kimberly-Clark's 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.