Huntington National Bank Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Huntington National Bank lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,444 shares of the company’s stock after selling 409 shares during the quarter. Huntington National Bank’s holdings in Kimberly-Clark were worth $19,982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vest Financial LLC raised its stake in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Kimberly-Clark during the second quarter valued at $14,751,000. Swedbank AB raised its stake in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares in the last quarter. PGGM Investments raised its stake in Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after purchasing an additional 11,882 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in Kimberly-Clark by 107.8% during the first quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock valued at $1,569,000 after purchasing an additional 6,293 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KMB shares. TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 0.0 %

KMB opened at $132.19 on Thursday. The firm has a market cap of $44.08 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.78 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a fifty day moving average price of $140.40 and a 200-day moving average price of $139.23.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.69%. Kimberly-Clark’s payout ratio is 63.29%.

Kimberly-Clark 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.