Bard Financial Services Inc. Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Bard Financial Services Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the company’s stock after selling 750 shares during the quarter. Bard Financial Services Inc.’s holdings in Kimberly-Clark were worth $783,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Central Valley Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter worth $249,000. Allied Investment Advisors LLC boosted its holdings in shares of Kimberly-Clark by 2.0% during the 3rd quarter. Allied Investment Advisors LLC now owns 68,559 shares of the company’s stock valued at $9,755,000 after purchasing an additional 1,334 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Kimberly-Clark by 2.6% during the 3rd quarter. Apella Capital LLC now owns 3,412 shares of the company’s stock valued at $484,000 after purchasing an additional 88 shares during the last quarter. Farmers Trust Co. boosted its holdings in shares of Kimberly-Clark by 914.3% during the 3rd quarter. Farmers Trust Co. now owns 21,077 shares of the company’s stock valued at $2,999,000 after purchasing an additional 18,999 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Kimberly-Clark by 6.9% in the 3rd quarter. Czech National Bank now owns 68,610 shares of the company’s stock valued at $9,762,000 after acquiring an additional 4,447 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction 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 completion of the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kimberly-Clark 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 transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.6 %

KMB traded up $0.85 during trading on Friday, hitting $140.89. The stock had a trading volume of 1,593,036 shares, compared to its average volume of 2,117,425. The company has a market capitalization of $47.44 billion, a PE ratio of 25.90, a PEG ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. 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 stock has a 50 day simple moving average of $142.24 and a two-hundred day simple moving average of $137.13.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.65 earnings per share. On average, research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMB. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays reduced their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Piper Sandler increased their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Finally, BNP Paribas began coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Company 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.