Kimberly Clark Corp (KMB) Holdings Trimmed by Huntington National Bank
Huntington National Bank lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 161,109 shares of the company’s stock after selling 6,161 shares during the period. Huntington National Bank’s holdings in Kimberly Clark were worth $19,440,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Martin Investment Management LLC purchased a new position in shares of Kimberly Clark in the 2nd quarter valued at $443,000. Capital Research Global Investors raised its stake in shares of Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Pax World Management LLC raised its stake in shares of Kimberly Clark by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC raised its stake in shares of Kimberly Clark by 0.8% in the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after acquiring an additional 90 shares during the period. Finally, Strategy Asset Managers LLC raised its stake in shares of Kimberly Clark by 80.0% in the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after acquiring an additional 1,390 shares during the period. 71.82% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on KMB shares. JPMorgan Chase & Co. downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their target price for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Deutsche Bank started coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday, December 11th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and raised their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark has a consensus rating of “Hold” and a consensus price target of $126.44.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. equities analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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