Fulton Bank N.A. Has $1.13 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Fulton Bank N.A. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,592 shares of the company’s stock after selling 474 shares during the quarter. Fulton Bank N.A.’s holdings in Kimberly-Clark were worth $1,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the second quarter valued at about $32,000. Ausdal Financial Partners Inc. acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $220,000. First Foundation Advisors lifted its holdings in shares of Kimberly-Clark by 14.5% during the 2nd quarter. First Foundation Advisors now owns 1,607 shares of the company’s stock worth $222,000 after acquiring an additional 204 shares during the period. PFG Investments LLC boosted its position in shares of Kimberly-Clark by 8.2% during the 2nd quarter. PFG Investments LLC now owns 7,210 shares of the company’s stock worth $996,000 after acquiring an additional 546 shares in the last quarter. Finally, Choreo LLC increased its stake in Kimberly-Clark by 117.4% in the second quarter. Choreo LLC now owns 9,198 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,967 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.5 %

Shares of KMB stock opened at $126.63 on Thursday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a market cap of $42.23 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.76 and a beta of 0.41. The stock has a 50-day moving average of $133.46 and a 200-day moving average of $138.60.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.85%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMB. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Two 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 a consensus price target of $147.57.

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.