Grove Bank & Trust Sells 116 Shares of Kimberly-Clark Co. (NYSE:KMB)

Grove Bank & Trust reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,428 shares of the company’s stock after selling 116 shares during the period. Grove Bank & Trust’s holdings in Kimberly-Clark were worth $449,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth $26,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Kimberly-Clark during the 3rd quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in Kimberly-Clark in the 3rd quarter worth approximately $39,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $127.33 on Monday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm has a market capitalization of $42.46 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The business has a fifty day simple moving average of $132.41 and a two-hundred day simple moving average of $137.98.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMB. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group lowered their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. Piper Sandler cut their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.71.

Kimberly-Clark Company 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.