M&T Bank Corp Sells 2,457 Shares of Kimberly-Clark Co. (NYSE:KMB)

M&T Bank Corp cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock worth $1,113,444,000 after acquiring an additional 797,953 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after acquiring an additional 417,118 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter worth $582,592,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent research reports. Barclays decreased their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Piper Sandler decreased 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. Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. UBS Group upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Evercore ISI dropped their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $143.50.

Kimberly-Clark Stock Up 0.1%

Shares of NYSE:KMB traded up $0.09 on Wednesday, reaching $131.49. The company had a trading volume of 1,448,371 shares, compared to its average volume of 2,206,135. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The stock has a 50-day moving average price of $134.32 and a 200 day moving average price of $134.75. The stock has a market capitalization of $43.63 billion, a P/E ratio of 17.42, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted 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 business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.83%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider owned 3,098 shares of the company's stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

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.