Huntington National Bank Purchases 4,514 Shares of Kimberly-Clark Corporation $KMB

Huntington National Bank lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,955 shares of the company’s stock after buying an additional 4,514 shares during the period. Huntington National Bank’s holdings in Kimberly-Clark were worth $18,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMB. Investment Research & Advisory Group Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $25,000. Princeton Global Asset Management LLC lifted its stake in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its stake in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 14.6%

KMB opened at $102.27 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 1-year low of $102.20 and a 1-year high of $150.45. The company has a market capitalization of $33.93 billion, a PE ratio of 14.09, a PEG ratio of 3.67 and a beta of 0.30. The firm’s 50 day simple moving average is $123.35 and its two-hundred day simple moving average is $129.63.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the firm earned $1.83 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMB shares. Evercore ISI dropped their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. UBS Group increased their price objective on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Barclays set a $132.00 price objective on shares of Kimberly-Clark in a research report on Monday. Finally, Citigroup lowered their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $135.89.

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.