Cambridge Trust Co. Has $732,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Cambridge Trust Co. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,028 shares of the company’s stock after selling 232 shares during the quarter. Cambridge Trust Co.’s holdings in Kimberly-Clark were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Cranbrook Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. OFI Invest Asset Management acquired a new stake in Kimberly-Clark during the third quarter worth about $25,000. Cornerstone Planning Group LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $34,000. First Capital Advisors Group LLC. bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $37,000. Finally, Centerpoint Advisors LLC lifted its position in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares during the period. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KMB shares. Barclays upped their target price on Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $123.00 price objective on shares of Kimberly-Clark in a research note on Thursday, March 28th. Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. HSBC increased their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $131.85.

Kimberly-Clark Stock Down 0.3 %

NYSE KMB opened at $125.62 on Friday. The stock’s 50 day simple moving average is $124.12 and its 200 day simple moving average is $122.28. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The firm has a market cap of $42.32 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.54 EPS. Kimberly-Clark’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is presently 93.85%.

Insiders Place Their Bets

In related news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.