Trust Co. of Vermont Has $1.89 Million Stock Holdings in Kimberly-Clark Co. $KMB

Trust Co. of Vermont raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,640 shares of the company’s stock after purchasing an additional 604 shares during the period. Trust Co. of Vermont’s holdings in Kimberly-Clark were worth $1,887,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. grew its position in Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after acquiring an additional 75 shares during the period. Hoge Financial Services LLC raised its stake in Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after acquiring an additional 77 shares in the last quarter. Nwam LLC lifted its holdings in shares of 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 acquiring an additional 77 shares during the period. Finally, Old North State Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 4.6% in the 1st 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 in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KMB shares. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore ISI decreased their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Finally, Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.40.

Kimberly-Clark Stock Down 0.9%

NYSE KMB opened at $123.23 on Thursday. The stock has a market capitalization of $40.89 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 52 week low of $121.02 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $129.05 and a 200-day moving average of $132.96.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark’s payout ratio is currently 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.