Toronto Dominion Bank Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Toronto Dominion Bank lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 5.6% during the 1st quarter, Holdings Channel reports. The firm owned 208,644 shares of the company’s stock after selling 12,426 shares during the quarter. Toronto Dominion Bank’s holdings in Kimberly-Clark were worth $26,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $437,420,000. Capital World Investors increased its position in shares of Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after purchasing an additional 370,094 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Kimberly-Clark by 9.8% in the 1st quarter. ProShare Advisors LLC now owns 1,487,835 shares of the company’s stock worth $192,451,000 after purchasing an additional 132,576 shares in the last quarter. Finally, Raymond James & Associates increased its position in Kimberly-Clark by 5.3% during the 1st quarter. Raymond James & Associates now owns 1,415,085 shares of the company’s stock valued at $183,041,000 after buying an additional 70,999 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were 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 in the company, valued at $524,584.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,462 shares of company stock valued at $7,206,653. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB traded up $0.74 during mid-day trading on Friday, reaching $141.81. The company had a trading volume of 2,064,513 shares, compared to its average volume of 2,201,267. The stock has a market capitalization of $47.76 billion, a P/E ratio of 26.07, a PEG ratio of 3.01 and a beta of 0.37. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $145.62. The stock has a 50 day moving average of $137.81 and a two-hundred day moving average of $130.18. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, analysts expect that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.44%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMB. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. UBS Group boosted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research note on Tuesday. They set a “buy” rating and a $161.00 price target on the stock. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $145.67.

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.