M&T Bank Corp Has $18.80 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

M&T Bank Corp trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,752 shares of the company’s stock after selling 2,447 shares during the quarter. M&T Bank Corp’s holdings in Kimberly-Clark were worth $18,804,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMB. FMR LLC boosted its holdings in shares of Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after buying an additional 1,046,155 shares during the period. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after purchasing an additional 641,187 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Kimberly-Clark by 552.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after purchasing an additional 386,497 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on KMB shares. Piper Sandler lifted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.85.

Insider Buying and Selling

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Doug Cunningham sold 1,040 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at $524,584.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock worth $2,808,345 in the last three months. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

NYSE:KMB traded down $0.41 during trading hours on Friday, reaching $136.09. The company had a trading volume of 1,907,297 shares, compared to its average volume of 2,559,916. The firm has a market capitalization of $45.82 billion, a PE ratio of 25.02, a PEG ratio of 3.87 and a beta of 0.38. The stock has a 50-day moving average of $127.48 and a two-hundred day moving average of $123.43. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $146.15. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. Analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

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.