Kimberly-Clark Co. $KMB Position Trimmed by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,174 shares of the company’s stock after selling 688 shares during the period. Trust Co. of Toledo NA OH’s holdings in Kimberly-Clark were worth $1,956,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the second quarter worth approximately $25,000. First Pacific Financial bought a new stake in Kimberly-Clark during the first quarter worth approximately $26,000. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% during 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 stake in Kimberly-Clark during the first quarter worth approximately $36,000. Finally, Rossby Financial LCC bought a new stake in Kimberly-Clark during the first quarter worth approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday. Barclays reduced their price target on shares of 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. UBS Group reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of 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. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Stock Up 0.0%

KMB stock opened at $119.57 on Friday. Kimberly-Clark Co. has a 12-month low of $119.36 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $39.67 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. The company has a 50 day moving average of $128.18 and a two-hundred day moving average of $132.10.

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

Kimberly-Clark Dividend Announcement

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

About Kimberly-Clark

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.