24,064 Shares in Kimberly-Clark Corporation $KMB Acquired by Glenview Trust Co

Glenview Trust Co acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,064 shares of the company’s stock, valued at approximately $2,321,000.

Several other institutional investors have also modified their holdings of the stock. Ally Financial Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $1,009,000. Westpac Banking Corp increased its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after acquiring an additional 10,811 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $223,668,000. Oddo BHF Asset Management Sas lifted its position in shares of Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Kimberly-Clark during the fourth quarter worth $1,047,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. UBS Group increased their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

KMB opened at $109.55 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $131.53. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.24 and a beta of 0.26. The company’s fifty day moving average price is $109.66 and its two-hundred day moving average price is $103.71. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.