Grove Bank & Trust Trims Stake in Kimberly-Clark Co. (NYSE:KMB)

Grove Bank & Trust cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,428 shares of the company’s stock after selling 116 shares during the quarter. Grove Bank & Trust’s holdings in Kimberly-Clark were worth $449,000 as of its most recent filing with the SEC.

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

Kimberly-Clark Stock Up 0.5 %

Kimberly-Clark stock opened at $127.33 on Monday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The business has a fifty day moving average price of $132.41 and a 200-day moving average price of $137.98. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results 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 return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the business posted $1.74 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday. Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $143.71.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.