Trustmark Bank Trust Department Has $2.69 Million Stake in Kimberly-Clark Corporation $KMB

Trustmark Bank Trust Department decreased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,824 shares of the company’s stock after selling 3,047 shares during the quarter. Trustmark Bank Trust Department’s holdings in Kimberly-Clark were worth $2,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock valued at $1,480,344,000 after buying an additional 218,644 shares during the period. Geode Capital Management LLC raised its position in shares of Kimberly-Clark by 4.6% during the second quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after acquiring an additional 363,865 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 during the period. Finally, Invesco Ltd. lifted its position in Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after purchasing an additional 173,915 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $109.16 on Friday. The business has a 50-day moving average of $114.22 and a 200-day moving average of $125.74. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The company has a market capitalization of $36.23 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. Citigroup cut their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. Finally, Piper Sandler decreased their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $128.91.

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.