Glenview Trust co Sells 2,687 Shares of Kimberly-Clark Co. (NYSE:KMB)

Glenview Trust co cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,873 shares of the company's stock after selling 2,687 shares during the period. Glenview Trust co's holdings in Kimberly-Clark were worth $3,259,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of Kimberly-Clark by 40.2% in the 3rd quarter. Empowered Funds LLC now owns 54,019 shares of the company's stock worth $7,686,000 after purchasing an additional 15,482 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Kimberly-Clark by 68.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company's stock worth $6,219,000 after purchasing an additional 17,749 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Kimberly-Clark by 84.1% in the 3rd quarter. Natixis Advisors LLC now owns 216,748 shares of the company's stock worth $30,839,000 after purchasing an additional 99,011 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $208,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Kimberly-Clark by 15.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,444 shares of the company's stock worth $4,759,000 after purchasing an additional 4,426 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % 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.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. UBS Group raised their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Barclays dropped their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE:KMB traded down $0.35 during midday trading on Wednesday, reaching $139.18. The company had a trading volume of 257,208 shares, compared to its average volume of 2,010,762. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business's 50 day moving average price is $134.05 and its 200 day moving average price is $136.34. The stock has a market cap of $46.16 billion, a PE ratio of 18.43, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.62%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

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.