Burke & Herbert Bank & Trust Co. Has $418,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Burke & Herbert Bank & Trust Co. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 33.4% during the third quarter, HoldingsChannel.com reports. The firm owned 2,937 shares of the company’s stock after selling 1,476 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Kimberly-Clark were worth $418,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of Kimberly-Clark by 808.0% during 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 in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

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 sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on KMB. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. TD Cowen initiated coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $0.34 during midday trading on Friday, hitting $136.67. The company’s stock had a trading volume of 61,802 shares, compared to its average volume of 2,110,477. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock’s 50 day simple moving average is $143.18 and its 200 day simple moving average is $138.66. The stock has a market capitalization of $46.02 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.63 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the firm posted $1.74 EPS. The company’s revenue was down 3.5% on a year-over-year basis. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

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.