Chevy Chase Trust Holdings LLC Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 215,868 shares of the company’s stock after selling 1,509 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Kimberly-Clark were worth $30,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Minot DeBlois Advisors LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $29,000. OFI Invest Asset Management acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $38,000. Menard Financial Group LLC bought a new position in shares of Kimberly-Clark in the 4th quarter worth about $38,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $44,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock valued at $47,000 after buying an additional 234 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Royal Bank Of Canada decreased their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler lowered their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $143.50.

Insider Buying and Selling

In other news, insider Katy Chen sold 740 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 0.1%

Shares of KMB stock opened at $129.95 on Wednesday. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business’s fifty day moving average is $135.48 and its 200-day moving average is $134.82. The stock has a market cap of $43.12 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company earned $2.01 earnings per share. Equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.88%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

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.