WASHINGTON TRUST Co Purchases 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

WASHINGTON TRUST Co raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,392 shares of the company’s stock after acquiring an additional 150 shares during the quarter. WASHINGTON TRUST Co’s holdings in Kimberly-Clark were worth $576,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Park Avenue Securities LLC boosted its position in shares of Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after purchasing an additional 6,016 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC boosted its position in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Vest Financial LLC boosted its position in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after purchasing an additional 21,339 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its position in shares of Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $132.79 on Friday. The firm has a market cap of $44.28 billion, a PE ratio of 17.59, a P/E/G ratio of 4.12 and a beta of 0.41. 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 firm has a fifty day simple moving average of $129.84 and a two-hundred day simple moving average of $136.51. Kimberly-Clark Co. has a 1-year low of $117.93 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities 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. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.80%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. UBS Group boosted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.64.

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.