Burke & Herbert Bank & Trust Co. Sells 175 Shares of Kimberly-Clark Co. (NYSE:KMB)

Burke & Herbert Bank & Trust Co. reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,762 shares of the company’s stock after selling 175 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Kimberly-Clark were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. My Legacy Advisors LLC grew its stake in Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after buying an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the last quarter. Graypoint LLC increased its stake in shares of Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the period. Truvestments Capital LLC increased its stake in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares during the period. Finally, Confluence Wealth Services Inc. lifted its holdings in Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on KMB shares. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. UBS Group boosted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 1.9 %

Shares of KMB opened at $132.79 on Monday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $117.93 and a 52-week high of $149.30. The firm has a market cap of $44.28 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.12 and a beta of 0.41. The business’s fifty day moving average is $129.84 and its 200-day moving average is $136.53.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities analysts anticipate that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.80%. Kimberly-Clark’s dividend payout ratio is presently 64.64%.

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.