Zions Bancorporation N.A. Has $3.84 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Zions Bancorporation N.A. reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 46.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,786 shares of the company’s stock after selling 23,662 shares during the period. Zions Bancorporation N.A.’s holdings in Kimberly-Clark were worth $3,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Rise Advisors LLC grew its stake in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the first quarter valued at about $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Fortitude Family Office LLC grew its stake in shares of Kimberly-Clark by 333.3% in the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE KMB opened at $142.38 on Friday. The company has a 50 day simple moving average of $142.07 and a 200 day simple moving average of $135.18. The firm has a market cap of $47.95 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Analysts Set New Price Targets

KMB has been the topic of several research reports. TD Cowen initiated coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.67.

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.