GSB Wealth Management LLC Sells 89 Shares of Kimberly-Clark Co. (NYSE:KMB)

GSB Wealth Management LLC reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,906 shares of the company’s stock after selling 89 shares during the period. GSB Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,298,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. increased 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 valued at $32,000 after purchasing an additional 202 shares during the period. Kennebec Savings Bank bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $39,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 1.1 %

Shares of KMB opened at $128.40 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The firm has a market capitalization of $42.82 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. The stock’s fifty day simple moving average is $131.85 and its 200-day simple moving average is $137.60.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. As a group, research analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. UBS Group lowered their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. TD Cowen lowered 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. Finally, Barclays reduced their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.71.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.