Graypoint LLC Has $574,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Graypoint LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,381 shares of the company’s stock after selling 934 shares during the period. Graypoint LLC’s holdings in Kimberly-Clark were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. lifted its position in shares of Kimberly-Clark by 1.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,692 shares of the company’s stock worth $1,892,000 after buying an additional 187 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Kimberly-Clark by 9.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,316 shares of the company’s stock valued at $458,000 after purchasing an additional 281 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Kimberly-Clark by 2.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 19,231 shares of the company’s stock valued at $2,658,000 after purchasing an additional 408 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Kimberly-Clark by 2.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 718,433 shares of the company’s stock worth $100,225,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in Kimberly-Clark by 44.2% in the 2nd quarter. Meeder Advisory Services Inc. now owns 6,147 shares of the company’s stock valued at $850,000 after purchasing an additional 1,884 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target 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. Piper Sandler lowered their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. 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 note on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Stock Performance

KMB stock opened at $124.56 on Friday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. 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 stock has a 50-day moving average price of $133.11 and a 200-day moving average price of $138.41. The firm has a market cap of $41.54 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41.

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 the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 earnings per share. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company’s stock.

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.