Kimberly-Clark Co. (NYSE:KMB) Shares Bought by AMG National Trust Bank

AMG National Trust Bank grew its position in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 130.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,557 shares of the company’s stock after purchasing an additional 3,706 shares during the period. AMG National Trust Bank’s holdings in Kimberly-Clark were worth $738,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. S&CO Inc. boosted its stake in shares of Kimberly-Clark by 0.3% during the 2nd quarter. S&CO Inc. now owns 27,830 shares of the company’s stock worth $3,761,000 after purchasing an additional 74 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Kimberly-Clark by 0.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 12,762 shares of the company’s stock worth $1,725,000 after acquiring an additional 76 shares during the period. Resources Investment Advisors LLC. lifted its holdings in shares of Kimberly-Clark by 0.8% during the 2nd quarter. Resources Investment Advisors LLC. now owns 10,134 shares of the company’s stock worth $1,370,000 after acquiring an additional 77 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Kimberly-Clark by 0.9% during the 2nd quarter. Clearstead Advisors LLC now owns 8,973 shares of the company’s stock worth $1,213,000 after acquiring an additional 79 shares during the period. Finally, Glenview Trust Co lifted its holdings in shares of Kimberly-Clark by 0.3% during the 2nd quarter. Glenview Trust Co now owns 29,210 shares of the company’s stock worth $3,947,000 after acquiring an additional 80 shares during the period. 74.16% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $134.23 on Tuesday. Kimberly-Clark Co. has a 12 month low of $108.74 and a 12 month high of $144.57. The company has a debt-to-equity ratio of 13.08, a current ratio of 0.78 and a quick ratio of 0.46. The firm has a market capitalization of $45.30 billion, a P/E ratio of 25.42, a P/E/G ratio of 3.32 and a beta of 0.40. The company’s fifty day moving average price is $135.55 and its two-hundred day moving average price is $129.25.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.08). Kimberly-Clark had a return on equity of 250.21% and a net margin of 8.84%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts anticipate that Kimberly-Clark Co. will post 5.6 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were issued a $1.16 dividend. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $4.64 dividend on an annualized basis and a yield of 3.46%. Kimberly-Clark’s dividend payout ratio is currently 87.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Atlantic Securities upgraded shares of Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 price objective on the stock in a report on Wednesday, October 12th. Barclays increased their price objective on shares of Kimberly-Clark to $127.00 in a report on Thursday, October 27th. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $120.00 to $124.00 and gave the company an “underweight” rating in a report on Friday, January 13th. Jefferies Financial Group lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and raised their price target for the company from $137.00 to $139.00 in a report on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kimberly-Clark from a “hold” rating to a “sell” rating and raised their price target for the company from $120.00 to $123.00 in a report on Tuesday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $128.67.

About Kimberly-Clark

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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