Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,726 shares of the company’s stock after selling 100 shares during the period. Stonebridge Capital Management Inc.’s holdings in Kimberly-Clark were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KMB. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Citigroup lowered their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday. Finally, Piper Sandler lowered their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.93.

Kimberly-Clark Trading Down 0.5 %

NYSE KMB opened at $125.60 on Thursday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $41.89 billion, a PE ratio of 16.29, a P/E/G ratio of 2.69 and a beta of 0.41. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm’s fifty day moving average is $132.77 and its two-hundred day moving average is $138.22.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the business posted $1.74 earnings per share. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts expect that Kimberly-Clark Co. will post 7.31 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Kimberly-Clark Company 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.