First Hawaiian Bank Trims Stake in Kimberly-Clark Co. (NYSE:KMB)

First Hawaiian Bank lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 41.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,557 shares of the company’s stock after selling 2,519 shares during the quarter. First Hawaiian Bank’s holdings in Kimberly-Clark were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Chicago Partners Investment Group LLC raised its holdings in shares of Kimberly-Clark by 2.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after acquiring an additional 84 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Kimberly-Clark by 5.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after purchasing an additional 88 shares in the last quarter. Emerald Advisors LLC grew its stake in Kimberly-Clark by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after buying an additional 90 shares in the last quarter. Security National Bank of SO Dak grew its stake in Kimberly-Clark by 1.2% in the 4th quarter. Security National Bank of SO Dak now owns 7,770 shares of the company’s stock worth $944,000 after buying an additional 90 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark by 1.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,395 shares of company stock valued at $3,332,776. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Tuesday. Piper Sandler raised their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company upped their target price on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.31.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $139.49 on Friday. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20. The firm has a market cap of $46.97 billion, a P/E ratio of 25.64, a P/E/G ratio of 3.19 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. The firm has a 50-day moving average of $134.54 and a 200-day moving average of $126.88.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.50%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

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.