Glenview Trust co Decreases Stock Holdings in Kimberly-Clark Co. $KMB

Glenview Trust co lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,685 shares of the company’s stock after selling 188 shares during the period. Glenview Trust co’s holdings in Kimberly-Clark were worth $3,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. First Pacific Financial acquired a new position in Kimberly-Clark during the first quarter worth about $26,000. Financial Network Wealth Advisors LLC raised its position in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark during the fourth quarter worth about $29,000. Elequin Capital LP acquired a new position in Kimberly-Clark during the first quarter worth about $36,000. Finally, Rossby Financial LCC acquired a new position in Kimberly-Clark during the first quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $128.01 on Thursday. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50 day moving average price of $130.49 and a 200 day moving average price of $134.74. The firm has a market capitalization of $42.47 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Kimberly-Clark’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.9%. Kimberly-Clark’s dividend payout ratio is 69.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on KMB. Barclays lifted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective for the company. UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $142.70.

Kimberly-Clark Company Profile

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.