Huntington National Bank Has $19.68 Million Position in Kimberly Clark Corp (KMB)
Huntington National Bank lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,270 shares of the company’s stock after selling 5,038 shares during the period. Huntington National Bank’s holdings in Kimberly Clark were worth $19,684,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Heritage Trust Co lifted its position in Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the period. Sterling Investment Advisors Ltd. lifted its position in Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the period. Armbruster Capital Management Inc. lifted its position in Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the period. Mosaic Family Wealth LLC lifted its position in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in Kimberly Clark during the second quarter worth about $150,000. 71.61% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on KMB. Zacks Investment Research downgraded Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Citigroup downgraded Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday. They set a “hold” rating and a $121.00 target price on the stock. Bank of America reduced their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $126.00.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. equities research analysts anticipate that Kimberly Clark Corp will post 6.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.27%. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
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Kimberly Clark 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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