Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Bar Harbor Wealth Management

Bar Harbor Wealth Management boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,067 shares of the company’s stock after buying an additional 649 shares during the quarter. Bar Harbor Wealth Management’s holdings in Kimberly-Clark were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the third quarter valued at $29,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Kennebec Savings Bank bought a new position in shares of Kimberly-Clark in the 3rd quarter worth about $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on 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 sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This 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 is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMB has been the topic of several research reports. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. 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 report on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen downgraded shares of 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $147.57.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $0.89 during midday trading on Monday, hitting $125.35. The company’s stock had a trading volume of 1,485,295 shares, compared to its average volume of 1,803,110. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock’s 50-day moving average price is $133.11 and its 200-day moving average price is $138.40. The company has a market capitalization of $41.80 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 earnings per share. Analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

About Kimberly-Clark

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.