Burke & Herbert Bank & Trust Co. Has $456,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Burke & Herbert Bank & Trust Co. lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,304 shares of the company’s stock after selling 300 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Kimberly-Clark were worth $456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC boosted its holdings in Kimberly-Clark by 56.3% during the fourth quarter. CVA Family Office LLC now owns 225 shares of the company’s stock worth $31,000 after purchasing an additional 81 shares during the last quarter. Horizons Wealth Management acquired a new position in Kimberly-Clark during the second quarter worth $32,000. Carderock Capital Management Inc. acquired a new position in Kimberly-Clark during the first quarter worth $37,000. Venturi Wealth Management LLC acquired a new position in Kimberly-Clark during the first quarter worth $38,000. Finally, McCarthy Grittinger Financial Group LLC acquired a new stake in Kimberly-Clark in the first quarter valued at $39,000. Institutional investors and hedge funds own 74.38% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of Kimberly-Clark in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Citigroup cut their price target on shares of Kimberly-Clark from $130.00 to $126.00 in a research note on Wednesday, July 26th. Bank of America dropped their price objective on shares of Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Finally, TheStreet lowered shares of Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $135.33.

Insider Activity

In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the sale, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the transaction, the insider now directly owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 4,423 shares of Kimberly-Clark stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $130.23, for a total transaction of $576,007.29. Following the transaction, the insider now directly owns 28,169 shares in the company, valued at $3,668,448.87. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Up 0.5 %

NYSE:KMB traded up $0.59 during mid-day trading on Monday, hitting $125.60. 418,411 shares of the company’s stock were exchanged, compared to its average volume of 1,686,533. The company has a 50 day simple moving average of $129.65 and a 200-day simple moving average of $133.88. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21. Kimberly-Clark Co. has a fifty-two week low of $108.74 and a fifty-two week high of $147.87. The firm has a market capitalization of $42.48 billion, a P/E ratio of 25.78, a PEG ratio of 2.40 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same quarter last year, the business earned $1.34 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Kimberly-Clark Co. will post 6.42 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $1.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.76%. Kimberly-Clark’s dividend payout ratio is currently 97.32%.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.