Private Trust Co. NA Increases Stake in Kimberly-Clark Co. $KMB

Private Trust Co. NA boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,910 shares of the company’s stock after acquiring an additional 962 shares during the quarter. Private Trust Co. NA’s holdings in Kimberly-Clark were worth $762,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KMB. Strs Ohio purchased a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $12,854,000. Elevate Capital Advisors LLC increased its position in shares of Kimberly-Clark by 46.4% in the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after buying an additional 3,944 shares in the last quarter. Citigroup Inc. increased its position in shares of Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after buying an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after buying an additional 718,720 shares in the last quarter. Finally, United Community Bank increased its position in shares of Kimberly-Clark by 340.0% in the first quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after buying an additional 14,309 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $121.44 on Friday. Kimberly-Clark Co. has a 52 week low of $118.18 and a 52 week high of $150.45. The business’s fifty day simple moving average is $126.65 and its 200-day simple moving average is $131.29. The firm has a market cap of $40.29 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the company posted $1.96 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of recent analyst reports. Evercore ISI cut their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Piper Sandler dropped their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays dropped their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $137.00.

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.