Chevy Chase Trust Holdings LLC Sells 6,314 Shares of Kimberly-Clark Corporation $KMB

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 211,405 shares of the company’s stock after selling 6,314 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Kimberly-Clark worth $26,286,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its stake in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter valued at about $27,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $100.26 on Tuesday. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $147.12. The business’s 50 day moving average price is $103.37 and its 200 day moving average price is $109.77. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The firm has a market cap of $33.28 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.51 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio (DPR) is 84.35%.

Analysts Set New Price Targets

A number of equities analysts have commented on KMB shares. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. TD Cowen cut their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.42.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.