Sanibel Captiva Trust Company Inc. Trims Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,393 shares of the company’s stock after selling 1,132 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Kimberly-Clark were worth $2,279,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $731,000. Brighton Jones LLC lifted its stake in Kimberly-Clark by 16.4% in the 2nd quarter. Brighton Jones LLC now owns 6,515 shares of the company’s stock worth $900,000 after purchasing an additional 917 shares in the last quarter. Ieq Capital LLC boosted its holdings in Kimberly-Clark by 23.6% in the 2nd quarter. Ieq Capital LLC now owns 19,212 shares of the company’s stock valued at $2,655,000 after purchasing an additional 3,669 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Kimberly-Clark by 4.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Kimberly-Clark by 12.8% in the second quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company’s stock worth $827,000 after purchasing an additional 673 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated 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 approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

NYSE KMB opened at $127.33 on Friday. The firm has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The company has a 50-day simple moving average of $132.41 and a two-hundred day simple moving average of $137.98. 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 12-month low of $117.67 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating 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 company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the business posted $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday. Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Barclays lowered their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark 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.