Trustmark National Bank Trust Department Has $3.96 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Trustmark National Bank Trust Department trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 15.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,799 shares of the company’s stock after selling 5,218 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Kimberly-Clark were worth $3,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMB. CX Institutional raised its holdings in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares during the last quarter. Graypoint LLC boosted its position in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the period. Finally, Equitable Trust Co. grew its holdings in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $136.37 on Thursday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market cap of $45.48 billion, a P/E ratio of 17.69, a PEG ratio of 2.85 and a beta of 0.40. The company’s 50-day simple moving average is $138.92 and its 200 day simple moving average is $139.13.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

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.