Beaumont Financial Advisors LLC Sells 298 Shares of Kimberly-Clark Co. (NYSE:KMB)

Beaumont Financial Advisors LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,230 shares of the company’s stock after selling 298 shares during the period. Beaumont Financial Advisors LLC’s holdings in Kimberly-Clark were worth $886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KMB. Rise Advisors LLC raised its stake in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark in the 1st quarter valued at about $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $28,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $32,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.8 %

Shares of NYSE KMB opened at $142.25 on Friday. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The firm has a market capitalization of $47.91 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.98 and a beta of 0.39. The business has a 50-day moving average of $142.55 and a 200-day moving average of $137.59.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. Sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 72.30%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMB. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Sandler boosted their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $147.07.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Kimberly-Clark Company 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.