Harbour Trust & Investment Management Co Has $235,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Harbour Trust & Investment Management Co cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,791 shares of the company’s stock after selling 217 shares during the period. Harbour Trust & Investment Management Co’s holdings in Kimberly-Clark were worth $235,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Citigroup lowered their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. UBS Group raised their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Stock Up 1.2 %

KMB stock opened at $130.29 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business’s 50 day simple moving average is $130.22 and its 200 day simple moving average is $136.75. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The firm has a market capitalization of $43.45 billion, a PE ratio of 17.26, a PEG ratio of 4.12 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.87%. Kimberly-Clark’s payout ratio is currently 64.64%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

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.