Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Huntington National Bank

Huntington National Bank reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.3% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the first quarter valued at about $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMB. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $132.19 on Thursday. The business has a 50 day simple moving average of $140.40 and a two-hundred day simple moving average of $139.23. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a market capitalization of $44.08 billion, a P/E ratio of 17.15, a PEG ratio of 2.78 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts predict that Kimberly-Clark Co. will post 7.26 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.69%. Kimberly-Clark’s payout ratio is currently 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.