Keybank National Association OH Has $17.13 Million Holdings in Kimberly-Clark Corporation $KMB

Keybank National Association OH cut its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,880 shares of the company’s stock after selling 825 shares during the quarter. Keybank National Association OH’s holdings in Kimberly-Clark were worth $17,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Alta Advisers Ltd acquired a new position in Kimberly-Clark during the first quarter worth $207,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Kimberly-Clark by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,276 shares of the company’s stock worth $5,870,000 after acquiring an additional 592 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Kimberly-Clark in the first quarter worth approximately $37,000. Finally, Aaron Wealth Advisors LLC raised its position in Kimberly-Clark by 3.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,678 shares of the company’s stock valued at $808,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KMB. UBS Group decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Barclays reduced 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. Weiss Ratings began coverage on shares of Kimberly-Clark in a research report on Thursday. They set a “hold (c+)” rating for the company. Piper Sandler cut their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Evercore ISI cut their target price 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $120.21 on Friday. The company has a 50-day simple moving average of $124.20 and a two-hundred day simple moving average of $130.22. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 12-month low of $116.26 and a 12-month high of $150.45. The firm has a market cap of $39.88 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 3.67 and a beta of 0.30.

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

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.