Charles Schwab Trust Co Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

Charles Schwab Trust Co cut its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 6.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,000 shares of the company’s stock after selling 384 shares during the quarter. Charles Schwab Trust Co’s holdings in Kimberly-Clark were worth $776,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at $35,000. Bruce G. Allen Investments LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $37,000. Finally, Northwest Financial Advisors acquired a new stake in Kimberly-Clark in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE KMB traded down $0.36 during trading on Tuesday, reaching $139.34. 137,597 shares of the stock were exchanged, compared to its average volume of 2,141,517. The business’s 50-day moving average price is $134.83 and its 200 day moving average price is $127.08. The company has a market capitalization of $46.92 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $142.20. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. UBS Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. HSBC increased their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Piper Sandler raised their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $141.64.

Get Our Latest Stock Report on KMB

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,395 shares of company stock worth $3,332,776. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMBFree Report).

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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