Hancock Whitney Corp Sells 105 Shares of Kimberly-Clark Co. (NYSE:KMB)

Hancock Whitney Corp cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,208 shares of the company’s stock after selling 105 shares during the period. Hancock Whitney Corp’s holdings in Kimberly-Clark were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional boosted its holdings in shares of Kimberly-Clark by 1.2% during the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares in the last quarter. My Legacy Advisors LLC boosted its stake in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after buying an additional 77 shares during the period. Finally, Graypoint LLC grew its stake in Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after acquiring an additional 78 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMB shares. Barclays upped their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group reduced their target price on shares of 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, StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $149.93.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s 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 completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $139.73 on Wednesday. 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 stock has a market cap of $46.60 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.90 and a beta of 0.40. The firm’s fifty day moving average price is $138.58 and its 200-day moving average price is $139.21.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts expect 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 will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.49%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

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.