Burke & Herbert Bank & Trust Co. Trims Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Burke & Herbert Bank & Trust Co. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,937 shares of the company’s stock after selling 1,476 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Kimberly-Clark were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the second quarter worth $26,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $28,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Kimberly-Clark in the third quarter worth about $39,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB stock traded down $0.34 during trading on Friday, reaching $136.67. 61,802 shares of the company’s stock were exchanged, compared to its average volume of 2,110,477. The firm has a market cap of $46.02 billion, a PE ratio of 25.19, a P/E/G ratio of 2.98 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30. The company’s fifty day moving average price is $143.18 and its 200-day moving average price is $138.66.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.57%. Kimberly-Clark’s payout ratio is 89.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $149.93.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % 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.

About Kimberly-Clark

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.