M&T Bank Corp Has $21.91 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

M&T Bank Corp lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,971 shares of the company’s stock after acquiring an additional 868 shares during the period. M&T Bank Corp’s holdings in Kimberly-Clark were worth $21,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth approximately $26,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Kimberly-Clark in the 3rd quarter valued at $36,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

NYSE:KMB opened at $131.32 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock has a fifty day moving average of $136.03 and a 200 day moving average of $139.32. 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 firm has a market capitalization of $43.79 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.72%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. 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 note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $149.93.

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.