Beaumont Financial Advisors LLC Sells 298 Shares of Kimberly-Clark Co. (NYSE:KMB)

Beaumont Financial Advisors LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,230 shares of the company’s stock after selling 298 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Kimberly-Clark were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Price T Rowe Associates Inc. MD raised its holdings in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Capital World Investors raised its holdings in Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after purchasing an additional 342,790 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares in the last quarter. Nordea Investment Management AB raised its holdings in Kimberly-Clark by 2.9% in the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a research note on Friday. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Finally, Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $147.07.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was 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 in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.8 %

Shares of NYSE:KMB opened at $142.25 on Friday. The stock has a market capitalization of $47.91 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock’s 50-day simple moving average is $142.55 and its two-hundred day simple moving average is $137.59. Kimberly-Clark Co. has a 52-week low of $116.63 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.43%. Kimberly-Clark’s payout ratio is 72.30%.

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.