Burke & Herbert Bank & Trust Co. Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Burke & Herbert Bank & Trust Co. grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 50.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,413 shares of the company’s stock after acquiring an additional 1,476 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Kimberly-Clark were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KMB. M&G Plc bought a new stake in Kimberly-Clark in the second quarter worth $2,408,000. Roman Butler Fullerton & Co. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $208,000. Wedmont Private Capital boosted its holdings in Kimberly-Clark by 22.0% during the 2nd quarter. Wedmont Private Capital now owns 5,382 shares of the company’s stock valued at $762,000 after acquiring an additional 971 shares during the period. WASHINGTON TRUST Co grew its position in Kimberly-Clark by 3.0% during the 2nd quarter. WASHINGTON TRUST Co now owns 4,460 shares of the company’s stock worth $616,000 after acquiring an additional 129 shares during the last quarter. Finally, Emerald Advisors LLC grew its position in Kimberly-Clark by 12.7% during the 2nd quarter. Emerald Advisors LLC now owns 2,418 shares of the company’s stock worth $334,000 after acquiring an additional 273 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 0.1 %

KMB opened at $138.43 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.62. The stock has a market cap of $46.61 billion, a PE ratio of 25.45, a PEG ratio of 2.95 and a beta of 0.37. The business has a 50 day moving average of $139.34 and a 200-day moving average of $131.65.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. HSBC increased their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BNP Paribas initiated coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Finally, TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $145.67.

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.