Patten & Patten Inc. TN Has $1.65 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Patten & Patten Inc. TN lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,610 shares of the company’s stock after selling 400 shares during the period. Patten & Patten Inc. TN’s holdings in Kimberly-Clark were worth $1,651,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KMB. First Pacific Financial purchased a new position in Kimberly-Clark during the 1st quarter valued at about $26,000. Minot DeBlois Advisors LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $29,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the 1st quarter valued at approximately $37,000. Menard Financial Group LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $38,000. Finally, Whipplewood Advisors LLC lifted its position in Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock worth $47,000 after buying an additional 234 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider owned 3,098 shares in the company, valued at $405,032.52. This represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $127.38 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a fifty day simple moving average of $132.95 and a 200-day simple moving average of $134.63. The stock has a market capitalization of $42.27 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Analyst Ratings Changes

Several equities analysts have recently commented on KMB shares. Evercore ISI lowered their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler assumed coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price objective for the company. Royal Bank Of Canada lowered their target price on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Finally, Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $140.90.

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.