PNC Financial Services Group Inc. Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

PNC Financial Services Group Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 533,785 shares of the company's stock after selling 30,910 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.16% of Kimberly-Clark worth $69,947,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. Roxbury Financial LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company's stock, valued at approximately $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company's stock.

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Kimberly-Clark Stock Performance

NYSE KMB traded down $3.38 during trading hours on Tuesday, hitting $144.02. The company's stock had a trading volume of 2,507,282 shares, compared to its average volume of 2,045,741. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45. The company's 50 day simple moving average is $132.96 and its two-hundred day simple moving average is $136.48. The company has a market cap of $47.77 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.50%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

Analysts Set New Price Targets

A number of analysts recently commented on KMB shares. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Citigroup decreased their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. Finally, TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $143.64.

About Kimberly-Clark

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.