Park Place Capital Corp Sells 189 Shares of Kimberly-Clark Co. (NYSE:KMB)

Park Place Capital Corp trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 30.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440 shares of the company’s stock after selling 189 shares during the period. Park Place Capital Corp’s holdings in Kimberly-Clark were worth $58,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wesbanco Bank Inc. grew its stake in Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after buying an additional 71 shares during the last quarter. My Legacy Advisors LLC lifted its position in shares of Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the period. Graypoint LLC grew its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after buying an additional 78 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after buying an additional 78 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE:KMB opened at $126.12 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a market cap of $42.06 billion, a P/E ratio of 16.36, a P/E/G ratio of 3.54 and a beta of 0.41. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s 50-day moving average price is $132.17 and its two-hundred day moving average price is $137.83.

Kimberly-Clark (NYSE:KMB) last issued its quarterly 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 analyst estimates of $5.06 billion. During the same quarter last year, the business posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction 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 owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMB has been the topic of a number of research reports. Citigroup dropped their target price 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. Piper Sandler cut their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Barclays cut their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $143.71.

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.