Trustmark National Bank Trust Department cut its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,839 shares of the company’s stock after selling 526 shares during the quarter. Kimberly-Clark Corporation accounts for 0.8% of Trustmark National Bank Trust Department’s investment portfolio, making the stock its 29th largest position. Trustmark National Bank Trust Department’s holdings in Kimberly-Clark Corporation were worth $6,429,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its stake in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the first quarter worth $118,000. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Finally, Clean Yield Group acquired a new position in Kimberly-Clark Corporation during the first quarter worth $145,000. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. UBS AG restated a “neutral” rating and set a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $132.07.
In related news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.08% during trading on Friday, hitting $120.93. The stock had a trading volume of 1,058,075 shares. The firm has a market cap of $42.72 billion, a P/E ratio of 20.19 and a beta of 0.78. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The firm’s 50-day moving average is $121.64 and its 200-day moving average is $127.95.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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