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

Park National Corp OH trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,954 shares of the company’s stock after selling 256 shares during the quarter. Park National Corp OH’s holdings in Kimberly-Clark were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the second quarter valued at $32,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $220,000. First Foundation Advisors grew its stake in Kimberly-Clark by 14.5% during the 2nd quarter. First Foundation Advisors now owns 1,607 shares of the company’s stock worth $222,000 after buying an additional 204 shares during the last quarter. PFG Investments LLC increased its position in Kimberly-Clark by 8.2% during the second quarter. PFG Investments LLC now owns 7,210 shares of the company’s stock worth $996,000 after buying an additional 546 shares during the period. Finally, Choreo LLC lifted its stake in Kimberly-Clark by 117.4% in the second quarter. Choreo LLC now owns 9,198 shares of the company’s stock valued at $1,268,000 after buying an additional 4,967 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler decreased their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen cut 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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 dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, 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 SEC, which can be accessed through this hyperlink. 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 cap of $42.23 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business has a fifty day simple moving average of $133.46 and a 200-day simple moving average of $138.60.

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

Kimberly-Clark Dividend Announcement

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