Kimberly-Clark Co. (NYSE:KMB) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 6.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,245 shares of the company’s stock after selling 559 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Kimberly-Clark were worth $1,080,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. grew 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 valued at $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.7 %

Shares of Kimberly-Clark stock opened at $124.56 on Friday. The business’s fifty day moving average price is $133.11 and its two-hundred day moving average price is $138.41. 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 company has a market capitalization of $41.54 billion, a P/E ratio of 16.16, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMB. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday. Piper Sandler reduced their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.57.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark 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 in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is owned by 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.