Whittier Trust Co. Has $1.41 Million Stake in Kimberly-Clark Co. $KMB

Whittier Trust Co. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,922 shares of the company’s stock after selling 562 shares during the quarter. Whittier Trust Co.’s holdings in Kimberly-Clark were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Kimberly-Clark by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after buying an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after buying an additional 566,152 shares during the last quarter. Invesco Ltd. raised its position in Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after buying an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after buying an additional 29,453 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.1%

KMB stock opened at $120.21 on Thursday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $39.88 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a fifty-two week low of $118.18 and a fifty-two week high of $150.45. The stock has a fifty day moving average of $125.81 and a 200-day moving average of $130.93.

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

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Barclays lowered 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. Piper Sandler decreased their target price 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. Citigroup decreased their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. UBS Group decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price 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 research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.00.

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.