Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,412 shares of the company’s stock after selling 120 shares during the period. Adirondack Trust Co.’s holdings in Kimberly-Clark were worth $316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 3rd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. boosted 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 during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler reduced their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, UBS Group cut their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Two equities research 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’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $143.71.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE KMB opened at $126.12 on Thursday. The stock has a fifty day moving average price of $132.17 and a 200 day moving average price of $137.83. The company has a current ratio of 0.83, a quick ratio of 0.55 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 company has a market cap of $42.06 billion, a P/E ratio of 16.36, a P/E/G ratio of 3.54 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted 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. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates 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 for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.87%. Kimberly-Clark’s payout ratio is currently 63.29%.

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.