Massmutual Trust Co. FSB ADV Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Massmutual Trust Co. FSB ADV trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 20.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,631 shares of the company’s stock after selling 411 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Kimberly-Clark were worth $232,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rise Advisors LLC boosted its holdings in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares during the last quarter. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the second quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the first quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $32,000. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMB shares. TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Finally, BNP Paribas started coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $140.89 on Friday. The firm has a fifty day simple moving average of $142.24 and a two-hundred day simple moving average of $137.21. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The stock has a market capitalization of $47.44 billion, a P/E ratio of 25.90, a PEG ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

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.