First County Bank CT Has $411,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

First County Bank CT lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 38.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,133 shares of the company’s stock after selling 1,989 shares during the period. First County Bank CT’s holdings in Kimberly-Clark were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. New York Life Investment Management LLC boosted its holdings in Kimberly-Clark by 0.9% in the second quarter. New York Life Investment Management LLC now owns 51,389 shares of the company’s stock worth $7,102,000 after acquiring an additional 479 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Kimberly-Clark by 4,851.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 85,717 shares of the company’s stock worth $11,846,000 after purchasing an additional 83,986 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $32,000. Chris Bulman Inc acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $85,000. Finally, Caprock Group LLC increased its stake in Kimberly-Clark by 50.8% during the 2nd quarter. Caprock Group LLC now owns 12,862 shares of the company’s stock valued at $1,793,000 after purchasing an additional 4,335 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly 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 SEC, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMB. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Barclays upped their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Piper Sandler dropped their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $148.71.

Kimberly-Clark Stock Up 0.7 %

NYSE:KMB traded up $0.92 on Tuesday, reaching $127.04. 994,610 shares of the stock traded hands, compared to its average volume of 1,565,912. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s fifty day simple moving average is $133.76 and its 200 day simple moving average is $138.77.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. Equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

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.