Peapack Gladstone Financial Corp Has $2.94 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Peapack Gladstone Financial Corp lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,659 shares of the company’s stock after selling 157 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Kimberly-Clark were worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $26,000. New Millennium Group LLC bought a new position in Kimberly-Clark during the 2nd quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Kimberly-Clark by 808.0% in the third 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. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.3 %

Shares of Kimberly-Clark stock opened at $131.34 on Friday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a 50 day moving average price of $137.08 and a two-hundred day moving average price of $139.37. The stock has a market capitalization of $43.80 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced 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 net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the business posted $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.72%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group lowered their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $149.93.

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.