Huntington National Bank Increases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

by · The Markets Daily

Huntington National Bank raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,056 shares of the company’s stock after purchasing an additional 612 shares during the quarter. Huntington National Bank’s holdings in Kimberly-Clark were worth $18,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark in the fourth quarter worth $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.6 %

Shares of Kimberly-Clark stock opened at $143.13 on Wednesday. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company’s 50 day moving average is $136.76 and its 200 day moving average is $135.92. The company has a market cap of $47.47 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.52%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Barclays upped their price target on Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 27th. UBS Group lifted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $144.85.

Get Our Latest Stock Analysis on KMB

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Company Profile

(Free Report)

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.

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