Cambridge Trust Co. Sells 141 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cambridge Trust Co. lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,887 shares of the company’s stock after selling 141 shares during the quarter. Cambridge Trust Co.’s holdings in Kimberly-Clark were worth $761,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMB. Norges Bank bought a new position in Kimberly-Clark in the fourth quarter valued at $437,420,000. Price T Rowe Associates Inc. MD increased its stake in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after acquiring an additional 944,920 shares during the last quarter. Capital World Investors increased its stake in Kimberly-Clark by 23.8% in the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares during the last quarter. KBC Group NV increased its stake in Kimberly-Clark by 277.9% in the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after acquiring an additional 347,778 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Kimberly-Clark by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 779,224 shares of the company’s stock worth $100,793,000 after buying an additional 318,680 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were 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. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,312 shares of company stock valued at $6,106,519. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.2 %

Shares of NYSE KMB traded up $1.62 during midday trading on Friday, reaching $140.10. 2,401,756 shares of the company’s stock traded hands, compared to its average volume of 2,480,943. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The stock’s 50 day simple moving average is $138.33 and its 200-day simple moving average is $130.68. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.62. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 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 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.48%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Citigroup lifted their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Barclays decreased their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

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.