Charles Schwab Trust Co Acquires 200 Shares of Kimberly-Clark Co. (NYSE:KMB)

Charles Schwab Trust Co grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,049 shares of the company’s stock after purchasing an additional 200 shares during the period. Charles Schwab Trust Co’s holdings in Kimberly-Clark were worth $1,003,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the 4th quarter worth $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred 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 approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Down 0.8%

Shares of Kimberly-Clark stock opened at $138.43 on Thursday. The company has a 50 day simple moving average of $137.63 and a two-hundred day simple moving average of $135.48. The firm has a market cap of $45.93 billion, a PE ratio of 18.34, a PEG ratio of 4.46 and a beta of 0.35. 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 current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the prior year, the business earned $2.01 EPS. Analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler cut their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. UBS Group lifted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company upped their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.08.

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.