Tompkins Financial Corp Grows Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Tompkins Financial Corp raised its position in Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,542 shares of the company’s stock after acquiring an additional 1,693 shares during the quarter. Tompkins Financial Corp’s holdings in Kimberly-Clark were worth $7,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the third quarter valued at about $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMB. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Finally, Piper Sandler lowered their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.57.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

KMB stock opened at $126.66 on Friday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock has a market capitalization of $42.24 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock’s fifty day moving average is $132.64 and its two-hundred day moving average is $138.13.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

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.