First Bank & Trust Has $2.51 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

First Bank & Trust boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,189 shares of the company’s stock after purchasing an additional 1,999 shares during the quarter. First Bank & Trust’s holdings in Kimberly-Clark were worth $2,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Fairfield Bush & CO. acquired a new position in Kimberly-Clark in the first quarter valued at about $96,000. Sei Investments Co. grew its position in Kimberly-Clark by 22.2% in the first quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after acquiring an additional 34,646 shares during the last quarter. Baird Financial Group Inc. grew its position in Kimberly-Clark by 2.8% in the first quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock valued at $36,066,000 after acquiring an additional 7,878 shares during the last quarter. Merit Financial Group LLC grew its position in Kimberly-Clark by 23.9% in the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after acquiring an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Kimberly-Clark by 28.7% in the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,503 shares during the last quarter. Institutional investors and hedge funds own 74.38% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Sandra R. Karrmann sold 5,122 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Melucci sold 4,423 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $130.23, for a total transaction of $576,007.29. Following the sale, the insider now owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra R. Karrmann sold 5,122 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the sale, the insider now directly owns 6,228 shares in the company, valued at approximately $808,394.40. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays boosted their price target on Kimberly-Clark from $137.00 to $141.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. Citigroup reduced their price target on Kimberly-Clark from $130.00 to $126.00 in a report on Wednesday, July 26th. StockNews.com assumed coverage on Kimberly-Clark in a report on Thursday, August 17th. They set a “buy” rating on the stock. TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, Bank of America reduced their price target on Kimberly-Clark from $145.00 to $138.00 in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $135.33.

Kimberly-Clark Stock Up 0.3 %

Kimberly-Clark stock traded up $0.41 during trading on Monday, hitting $125.42. 381,757 shares of the company were exchanged, compared to its average volume of 1,686,224. The business’s 50 day moving average is $129.65 and its 200 day moving average is $133.88. Kimberly-Clark Co. has a 52 week low of $108.74 and a 52 week high of $147.87. The company has a market capitalization of $42.42 billion, a P/E ratio of 25.78, a PEG ratio of 2.40 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Kimberly-Clark had a return on equity of 303.40% and a net margin of 8.07%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. Kimberly-Clark’s revenue was up 1.4% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 6.42 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $4.72 dividend on an annualized basis and a yield of 3.76%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 97.32%.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.