Texas Bank & Trust Co Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Texas Bank & Trust Co acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,523 shares of the company's stock, valued at approximately $331,000.

A number of other institutional investors also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark in the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter worth $29,000. Roxbury Financial LLC bought a new position in Kimberly-Clark during the 4th quarter worth $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $32,000. Institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. UBS Group lifted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays reduced their price target on 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. Finally, Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $145.08.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was 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 in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company's stock, valued at approximately $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,872 shares of company stock valued at $2,208,684. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $1.39 during midday trading on Thursday, reaching $139.69. 2,743,777 shares of the company were exchanged, compared to its average volume of 2,174,930. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The stock has a market cap of $46.35 billion, a P/E ratio of 18.50, a PEG 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. The stock's 50-day moving average price is $137.16 and its 200-day moving average price is $134.89.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio is 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.