First National Corp MA ADV Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

First National Corp MA ADV trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,781 shares of the company’s stock after selling 304 shares during the period. First National Corp MA ADV’s holdings in Kimberly-Clark were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Fund Management LLC raised its position in shares of Kimberly-Clark by 1.9% in the third quarter. Royal Fund Management LLC now owns 25,561 shares of the company’s stock valued at $3,697,000 after buying an additional 486 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in Kimberly-Clark by 2.6% in the third quarter. Sovereign Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $1,480,000 after purchasing an additional 268 shares during the last quarter. SL Advisors LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth about $144,000. Brookstone Capital Management increased its stake in shares of Kimberly-Clark by 0.5% during the 3rd quarter. Brookstone Capital Management now owns 82,021 shares of the company’s stock valued at $11,670,000 after acquiring an additional 414 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Kimberly-Clark by 4.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,405 shares of the company’s stock worth $342,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, 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 value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s 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 of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Down 0.2 %

Shares of NYSE KMB traded down $0.35 during mid-day trading on Wednesday, reaching $141.66. 110,850 shares of the company traded hands, compared to its average volume of 2,103,558. Kimberly-Clark Co. has a fifty-two week low of $116.63 and a fifty-two week high of $149.30. The stock has a market cap of $47.70 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The company’s fifty day moving average is $142.35 and its two-hundred day moving average is $137.53.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. TD Cowen started coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. Finally, Piper Sandler lifted their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $146.00.

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.