Bar Harbor Wealth Management Sells 731 Shares of Kimberly-Clark Co. $KMB

Bar Harbor Wealth Management lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,077 shares of the company’s stock after selling 731 shares during the quarter. Bar Harbor Wealth Management’s holdings in Kimberly-Clark were worth $1,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark in the second quarter worth $25,000. First Pacific Financial bought a new stake in shares of Kimberly-Clark in the first quarter worth $26,000. Financial Network Wealth Advisors LLC lifted its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Kimberly-Clark in the first quarter worth $36,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark in the first quarter worth $37,000. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup cut their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Barclays dropped their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Evercore ISI cut their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Finally, UBS Group lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $138.22.

Kimberly-Clark Trading Down 0.1%

Shares of NYSE:KMB opened at $119.55 on Friday. Kimberly-Clark Co. has a 12-month low of $119.36 and a 12-month high of $150.45. The stock has a market cap of $39.66 billion, a PE ratio of 15.83, a P/E/G ratio of 4.46 and a beta of 0.30. The business has a 50 day moving average of $128.40 and a 200-day moving average of $132.22. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is currently 69.42%.

About Kimberly-Clark

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.