Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,009 shares of the company’s stock after selling 125 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $29,000. Menard Financial Group LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $38,000. OFI Invest Asset Management acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $38,000. Whipplewood Advisors LLC increased its stake in shares of Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock valued at $47,000 after acquiring an additional 234 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Royal Bank Of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Barclays dropped their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.50.

Kimberly-Clark Stock Down 1.4%

NYSE KMB opened at $128.15 on Thursday. The stock has a market cap of $42.52 billion, a PE ratio of 16.97, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The business has a 50 day moving average price of $135.24 and a two-hundred day moving average price of $134.78. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the business earned $2.01 EPS. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is presently 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by company insiders.

Kimberly-Clark 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.