Kimberly-Clark Corporation $KMB Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 17.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,615 shares of the company’s stock after selling 6,396 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kimberly-Clark were worth $3,682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after acquiring an additional 5,200,011 shares during the period. Norges Bank acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $556,114,000. Federated Hermes Inc. boosted its stake in shares of Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after purchasing an additional 1,231,501 shares during the period. State Street Corp increased its stake in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after buying an additional 975,424 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.8%

Shares of NASDAQ KMB opened at $98.72 on Thursday. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $147.12. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 3.57 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The business has a 50-day moving average of $103.45 and a two-hundred day moving average of $109.49.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. On average, analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s payout ratio is 84.35%.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research note on Friday, January 16th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Piper Sandler decreased their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $116.42.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.