Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Tompkins Financial Corp

Tompkins Financial Corp boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,542 shares of the company’s stock after purchasing an additional 1,693 shares during the period. Tompkins Financial Corp’s holdings in Kimberly-Clark were worth $7,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $39,000. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMB. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday. Piper Sandler reduced their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.57.

Kimberly-Clark Stock Up 0.9 %

Kimberly-Clark stock opened at $126.66 on Friday. The firm’s 50 day moving average price is $132.64 and its two-hundred day moving average price is $138.13. The firm has a market cap of $42.24 billion, a PE ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping 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 return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. On average, research analysts predict that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark 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 sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

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.