Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,635 shares of the company’s stock after selling 675 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Kimberly-Clark were worth $729,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the period. Morgan Stanley raised its stake in shares of Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after buying an additional 212,739 shares during the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $437,420,000. Royal Bank of Canada boosted its stake in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after buying an additional 524,632 shares during the last quarter. Finally, Capital World Investors grew its holdings in Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KMB shares. HSBC boosted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Piper Sandler raised their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $141.64.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katy Chen sold 454 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the transaction, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,395 shares of company stock valued at $3,332,776. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Up 0.1 %

Shares of NYSE KMB opened at $137.99 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The company has a 50-day moving average of $136.04 and a 200 day moving average of $127.68. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $142.20. The stock has a market cap of $46.46 billion, a PE ratio of 25.37, a P/E/G ratio of 3.11 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.54%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

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.