Park National Corp OH Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Park National Corp OH trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 27.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,295 shares of the company’s stock after selling 1,231 shares during the quarter. Park National Corp OH’s holdings in Kimberly-Clark were worth $426,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. Northwest Financial Advisors purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $40,000. Finally, Operose Advisors LLC increased its holdings in Kimberly-Clark by 122.5% during the 3rd quarter. Operose Advisors LLC now owns 356 shares of the company’s stock worth $43,000 after purchasing an additional 196 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 454 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares in the company, valued at approximately $70,324.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 454 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now owns 520 shares in the company, valued at $70,324.80. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock worth $3,332,776 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMB shares. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Barclays lifted their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Piper Sandler lifted their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.31.

Kimberly-Clark Trading Up 0.7 %

Shares of Kimberly-Clark stock traded up $0.97 on Tuesday, reaching $141.42. 573,937 shares of the company were exchanged, compared to its average volume of 2,148,928. The stock has a fifty day moving average price of $133.39 and a 200-day moving average price of $126.45. The firm has a market capitalization of $47.62 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $141.69.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.45%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Kimberly-Clark 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.