Members Trust Co Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Members Trust Co acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,428 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also modified their holdings of KMB. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark during the second quarter worth about $26,000. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. New Millennium Group LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the 1st quarter valued at approximately $27,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMB. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Piper Sandler boosted their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, July 24th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $149.14.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.1 %

Shares of NYSE:KMB traded up $1.59 during trading on Tuesday, reaching $145.13. 996,814 shares of the stock traded hands, compared to its average volume of 2,092,479. The stock has a market cap of $48.87 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The stock has a 50-day moving average of $142.71 and a two-hundred day moving average of $137.97. Kimberly-Clark Co. has a 52-week low of $116.63 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared 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 3.36%. Kimberly-Clark’s payout ratio is presently 89.71%.

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.