Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,134 shares of the company’s stock after selling 562 shares during the period. Daymark Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,590,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wesbanco Bank Inc. increased its position in Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after purchasing an additional 71 shares in the last quarter. My Legacy Advisors LLC grew its stake in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after buying an additional 76 shares during the period. Thompson Siegel & Walmsley LLC increased 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 worth $759,000 after acquiring an additional 77 shares in the last quarter. Graypoint LLC raised its stake in shares of Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after acquiring an additional 78 shares during the period. Finally, Truvestments Capital LLC lifted its holdings in shares of Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after acquiring an additional 78 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KMB. 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 report on Wednesday, January 8th. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Piper Sandler decreased their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $143.71.

Insiders Place Their Bets

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

Kimberly-Clark Stock Down 0.3 %

NYSE:KMB opened at $126.12 on Thursday. The stock has a 50-day simple moving average of $132.17 and a 200 day simple moving average of $137.83. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a market capitalization of $42.06 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 3.56 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

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

Kimberly-Clark Announces Dividend

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

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.