Wesbanco Bank Inc. Sells 578 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wesbanco Bank Inc. cut its position in Kimberly-Clark Co. (NYSE:KMB) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,161 shares of the company’s stock after selling 578 shares during the quarter. Wesbanco Bank Inc.’s holdings in Kimberly-Clark were worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark in the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC bought a new position in Kimberly-Clark during the 3rd quarter worth $39,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 0.8 %

Shares of Kimberly-Clark stock opened at $127.13 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a 50 day moving average price of $132.05 and a two-hundred day moving average price of $137.75. The stock has a market capitalization of $42.39 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 3.54 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.84%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KMB shares. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, Piper Sandler cut their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two research 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. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.71.

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.