Kimberly-Clark Co. (NYSE:KMB) Shares Sold by HTLF Bank

by · The Cerbat Gem

HTLF Bank reduced its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,490 shares of the company’s stock after selling 81 shares during the quarter. HTLF Bank’s holdings in Kimberly-Clark were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. Rise Advisors LLC lifted its holdings in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. New Millennium Group LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the first quarter worth $27,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth $39,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

KMB stock traded up $1.67 on Tuesday, hitting $145.21. The company’s stock had a trading volume of 1,964,008 shares, compared to its average volume of 2,097,340. The stock has a market cap of $48.89 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The firm has a 50 day moving average of $142.71 and a two-hundred day moving average of $137.97. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 earnings per share. Equities analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.36%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $149.14.

Check Out Our Latest Stock Report on KMB

About Kimberly-Clark

(Free Report)

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.

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