Kimberly-Clark Corporation $KMB Shares Sold by Huntington National Bank

Huntington National Bank lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.2% in the fourth quarter, HoldingsChannel reports. The fund owned 138,830 shares of the company’s stock after selling 10,843 shares during the quarter. Huntington National Bank’s holdings in Kimberly-Clark were worth $14,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. increased its stake in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $100.14 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 4.49 and a beta of 0.29. The firm’s fifty day simple moving average is $97.71 and its 200 day simple moving average is $101.33. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business posted $1.93 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock valued at $689,687 in the last ninety days. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on KMB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, UBS Group lifted their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $114.93.

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.