Kimberly-Clark Corporation $KMB Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 211,405 shares of the company’s stock after selling 6,314 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Kimberly-Clark were worth $26,286,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Empirical Finance LLC grew its stake in Kimberly-Clark by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after acquiring an additional 76 shares during the period. Monarch Capital Management Inc. raised its position in Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after acquiring an additional 81 shares during the period. Deseret Mutual Benefit Administrators raised its position in Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after acquiring an additional 87 shares during the period. Evelyn Partners Investment Management Services Ltd lifted its holdings in Kimberly-Clark by 9.4% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 1,075 shares of the company’s stock valued at $139,000 after purchasing an additional 92 shares in the last quarter. Finally, Bill Few Associates Inc. grew its position in shares of Kimberly-Clark by 2.2% in the third quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock valued at $595,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.4%

Shares of Kimberly-Clark stock opened at $100.26 on Tuesday. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market cap of $33.28 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.51 and a beta of 0.24. The stock’s 50 day simple moving average is $103.37 and its 200-day simple moving average is $109.77.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. Analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a dividend yield of 5.1%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 84.35%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. UBS Group boosted their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane reissued a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.42.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

About Kimberly-Clark

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.