Today, Community Bank & Trust Waco Texas Sold shares of Kimberly-Clark Corp. (KMB)

Today, Community Bank & Trust Waco Texas Sold shares of Kimberly-Clark Corp. (KMB)

Community Bank & Trust Waco Texas lowered its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 23,937 shares of the company’s stock after selling 1,011 shares during the period. Kimberly-Clark Corp. comprises about 1.6% of Community Bank & Trust Waco Texas’ holdings, making the stock its 16th largest position. Community Bank & Trust Waco Texas’ holdings in Kimberly-Clark Corp. were worth $3,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewSquare Capital LLC increased its position in shares of Kimberly-Clark Corp. by 7.2% in the third quarter. NewSquare Capital LLC now owns 6,929 shares of the company’s stock worth $874,000 after buying an additional 467 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Kimberly-Clark Corp. by 0.3% in the third quarter. State Treasurer State of Michigan now owns 125,538 shares of the company’s stock worth $15,835,000 after buying an additional 400 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Kimberly-Clark Corp. by 442.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 19,000 shares of the company’s stock worth $2,397,000 after buying an additional 15,500 shares during the period. Aviance Capital Partners LLC boosted its stake in Kimberly-Clark Corp. by 2.5% in the third quarter. Aviance Capital Partners LLC now owns 1,733 shares of the company’s stock worth $219,000 after buying an additional 43 shares during the period. Finally, Wealthsource Partners LLC boosted its stake in Kimberly-Clark Corp. by 36.8% in the third quarter. Wealthsource Partners LLC now owns 2,400 shares of the company’s stock worth $303,000 after buying an additional 645 shares during the period. 67.57% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corp. (NYSE:KMB) traded up 1.12% during trading on Friday, reaching $115.84. 996,853 shares of the company traded hands. The company’s 50-day moving average is $116.08 and its 200 day moving average is $126.06. Kimberly-Clark Corp. has a 12 month low of $111.30 and a 12 month high of $138.87. The company has a market cap of $41.49 billion, a PE ratio of 21.07 and a beta of 0.61.

Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.54 by $0.02. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. Kimberly-Clark Corp.’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 earnings per share. On average, analysts anticipate that Kimberly-Clark Corp. will post $6.00 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 7th. This represents a $3.68 annualized dividend and a dividend yield of 3.18%. Kimberly-Clark Corp.’s dividend payout ratio is currently 67.03%.

A number of research firms have issued reports on KMB. Wells Fargo & Co. reiterated a “market perform” rating on shares of Kimberly-Clark Corp. in a research note on Tuesday, November 15th. B. Riley reiterated a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corp. in a research note on Sunday, October 30th. Societe Generale reiterated a “buy” rating and issued a $139.00 target price on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. cut shares of Kimberly-Clark Corp. from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 26th. Finally, Deutsche Bank AG reduced their target price on shares of Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating for the company in a research note on Tuesday, October 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $132.60.

In other Kimberly-Clark Corp. news, Director Robert W. Decherd purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was bought at an average cost of $113.59 per share, with a total value of $227,180.00. Following the purchase, the director now directly owns 41,944 shares of the company’s stock, valued at $4,764,418.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the transaction, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at $3,410,513.94. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

About Kimberly-Clark Corp.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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