Grimes & Company Inc. Purchases 3,483 Shares of Kimberly-Clark Co. (NYSE:KMB)

Grimes & Company Inc. lifted its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,541 shares of the company’s stock after purchasing an additional 3,483 shares during the period. Grimes & Company Inc.’s holdings in Kimberly-Clark were worth $18,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the 2nd quarter worth $26,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% in the 3rd 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. Kennebec Savings Bank bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $39,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on KMB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.71.

Read Our Latest Report on Kimberly-Clark

Kimberly-Clark Stock Performance

KMB opened at $128.40 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The firm has a market capitalization of $42.82 billion, a PE ratio of 16.65, a PEG ratio of 3.53 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The business’s 50-day simple moving average is $131.85 and its 200 day simple moving average is $137.60.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.80%. Kimberly-Clark’s payout ratio is presently 63.29%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’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 owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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