Diversified Trust Co Trims Position in Kimberly-Clark Corporation $KMB

Diversified Trust Co cut its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 26.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,758 shares of the company’s stock after selling 16,280 shares during the period. Diversified Trust Co’s holdings in Kimberly-Clark were worth $4,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark in the 4th quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KMB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Piper Sandler raised their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $115.43.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,096 shares of company stock valued at $689,687 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $102.56 on Friday. The stock’s 50-day moving average price is $98.48 and its 200-day moving average price is $100.80. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The stock has a market capitalization of $34.04 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.