Security National Bank of Sioux City Iowa IA Has $1.03 Million Position in Kimberly-Clark Co. $KMB

Security National Bank of Sioux City Iowa IA increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,220 shares of the company’s stock after purchasing an additional 259 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Kimberly-Clark were worth $1,027,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMB. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Barclays boosted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $142.70.

Kimberly-Clark Stock Up 0.9%

Shares of NYSE:KMB opened at $130.97 on Wednesday. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. 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’s fifty day moving average is $130.57 and its 200-day moving average is $134.79. The company has a market capitalization of $43.45 billion, a PE ratio of 17.35, a P/E/G ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last issued its 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 net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.8%. Kimberly-Clark’s dividend payout ratio is 69.42%.

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.