Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,973 shares of the company’s stock after selling 236 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Kimberly-Clark were worth $1,846,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CX Institutional lifted its holdings in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after purchasing an additional 71 shares in the last quarter. Capital Investment Counsel Inc grew its position in Kimberly-Clark by 0.8% in the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after acquiring an additional 75 shares in the last quarter. Connecticut Wealth Management LLC grew its position in Kimberly-Clark by 4.6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after acquiring an additional 77 shares in the last quarter. Equitable Trust Co. grew its position in shares of Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after buying an additional 80 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Kimberly-Clark by 1.6% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price target for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, July 24th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Finally, TD Cowen initiated coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Trading Up 0.6 %

KMB stock traded up $0.85 during midday trading on Friday, reaching $140.89. 1,593,036 shares of the company’s stock traded hands, compared to its average volume of 2,117,425. The company has a market capitalization of $47.44 billion, a P/E ratio of 25.90, a PEG ratio of 3.00 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The business has a 50-day moving average price of $142.24 and a two-hundred day moving average price of $137.13.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.46%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.