Trust Company of Virginia lowered its position in Kimberly Clark Corp (NYSE:KMB) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 8,792 shares of the company’s stock after selling 424 shares during the period. Trust Company of Virginia’s holdings in Kimberly Clark Corp were worth $1,119,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft acquired a new stake in Kimberly Clark Corp during the third quarter worth about $15,955,000. Assetmark acquired a new stake in Kimberly Clark Corp during the third quarter worth about $7,258,000. ING Groep increased its stake in Kimberly Clark Corp by 57.3% in the third quarter. ING Groep now owns 125,474 shares of the company’s stock worth $13,685,000 after buying an additional 45,693 shares during the period. Community Bank & Trust of Waco, Texas acquired a new stake in Kimberly Clark Corp during the fourth quarter worth about $3,357,000. Finally, EQIS Capital Management acquired a new stake in Kimberly Clark Corp during the fourth quarter worth about $283,000.

Kimberly Clark Corp (NYSE:KMB) traded up 1.42% during trading on Friday, hitting $126.72. The stock had a trading volume of 2,373,055 shares. The company’s 50-day moving average is $125.29 and its 200 day moving average is $116.42. The firm has a market cap of $46.00 billion and a PE ratio of 78.61. Kimberly Clark Corp has a 52 week low of $103.04 and a 52 week high of $130.05.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 5th. Stockholders of record on Friday, December 4th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 2nd. This represents a $3.52 annualized dividend and a dividend yield of 2.78%.

KMB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Kimberly Clark Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 14th. Societe Generale raised shares of Kimberly Clark Corp from a “hold” rating to a “buy” rating and increased their target price for the stock from $120.80 to $135.00 in a research report on Friday, October 23rd. Deutsche Bank increased their target price on shares of Kimberly Clark Corp from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. RBC Capital increased their target price on shares of Kimberly Clark Corp from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 22nd. Finally, Barclays raised shares of Kimberly Clark Corp to a “buy” rating in a research report on Monday, December 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $123.00.

In other news, EVP Mark A. Buthman sold 5,988 shares of Kimberly Clark Corp stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $122.00, for a total transaction of $730,536.00. Following the completion of the sale, the executive vice president now directly owns 99,355 shares in the company, valued at approximately $12,121,310. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. The Company’s operating segments are based on product groupings. The Company operates in three segments, which include Personal Care, which offers solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products; Consumer Tissue, offers products, such as facial and bathroom tissue, paper towels, napkins and related products, and K-C Professional (NYSE:KMB), offers solutions and supporting products, such as apparel, wipers, soaps, sanitizers, tissue and towels. The Company’s brands include Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve, WypAll, Kimtech, and Jackson Safety, among others.

12 Month Chart for NYSE:KMB

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