First National Bank of Mount Dora Trust Investment Services Sells 333 Shares of Kimberly-Clark Co. $KMB

First National Bank of Mount Dora Trust Investment Services trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,255 shares of the company’s stock after selling 333 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Kimberly-Clark were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Cornerstone Wealth Management LLC grew its holdings in Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the period. Nwam LLC grew its holdings in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares during the period. Old North State Wealth Management LLC grew its holdings in Kimberly-Clark by 4.6% during the first quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after purchasing an additional 79 shares during the period. Silver Coast Investments LLC grew its holdings in Kimberly-Clark by 5.2% during the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after purchasing an additional 83 shares during the period. Finally, Leavell Investment Management Inc. grew its holdings in Kimberly-Clark by 0.7% during the first quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock valued at $1,702,000 after purchasing an additional 85 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. UBS Group reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.70 on Friday. Kimberly-Clark Co. has a 12 month low of $118.18 and a 12 month high of $150.45. The firm has a fifty day simple moving average of $126.94 and a 200 day simple moving average of $131.53. The stock has a market capitalization of $39.71 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

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.