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

Park National Corp OH reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,954 shares of the company’s stock after selling 256 shares during the period. Park National Corp OH’s holdings in Kimberly-Clark were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the third quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the second quarter worth $32,000. DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the 3rd quarter worth $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMB. Piper Sandler lowered their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday. Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $147.57.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.5 %

Shares of KMB stock opened at $126.63 on Thursday. The stock has a market capitalization of $42.23 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a 50 day moving average price of $133.46 and a 200 day moving average price of $138.60.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

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.