2,039 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. acquired a new position in Kimberly-Clark Co. (NYSE:KMB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,039 shares of the company’s stock, valued at approximately $290,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Wulff Hansen & CO. boosted its stake in Kimberly-Clark by 13,720.0% during the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after purchasing an additional 636,882 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after buying an additional 503,839 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares in the last quarter. Finally, Capital World Investors boosted its position in Kimberly-Clark by 17.8% during the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after acquiring an additional 342,790 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on KMB. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group dropped their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $135.62 on Tuesday. The company’s 50 day simple moving average is $142.79 and its 200-day simple moving average is $138.94. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.58 and a current ratio of 0.83. Kimberly-Clark Co. has a 1 year low of $117.46 and a 1 year high of $149.30. The company has a market capitalization of $45.66 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.89 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

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.