HTLF Bank Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

HTLF Bank decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,490 shares of the company’s stock after selling 81 shares during the quarter. HTLF Bank’s holdings in Kimberly-Clark were worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $26,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the 1st quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth approximately $28,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas began coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. 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 report on Thursday, July 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $149.14.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $1.67 during trading hours on Tuesday, reaching $145.21. 1,964,008 shares of the company’s stock were exchanged, compared to its average volume of 2,097,340. The business has a fifty day moving average of $142.71 and a two-hundred day moving average of $137.97. The company has a market capitalization of $48.89 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred 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 owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was 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 of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

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.