UMB Bank n.a. Sells 3,032 Shares of Kimberly-Clark Co. (NYSE:KMB)

by · The Markets Daily

UMB Bank n.a. reduced its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,738 shares of the company’s stock after selling 3,032 shares during the period. UMB Bank n.a.’s holdings in Kimberly-Clark were worth $1,669,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after buying an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kimberly-Clark by 2.8% during the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after purchasing an additional 206,671 shares during the period. Nordea Investment Management AB lifted its holdings in Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after purchasing an additional 464,615 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Kimberly-Clark by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after purchasing an additional 20,953 shares during the period. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on KMB. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $143.71.

Get Our Latest Report on KMB

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.5 %

Shares of NYSE KMB opened at $127.33 on Tuesday. The company has a 50 day simple moving average of $132.41 and a 200 day simple moving average of $137.98. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market cap of $42.46 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

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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