US Bancorp DE Has $32.04 Million Stock Holdings in Kimberly-Clark Corporation $KMB

US Bancorp DE lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 257,659 shares of the company’s stock after selling 9,494 shares during the period. US Bancorp DE’s holdings in Kimberly-Clark were worth $32,037,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empirical Finance LLC increased its holdings in Kimberly-Clark by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after acquiring an additional 78 shares in the last quarter. Monarch Capital Management Inc. increased its stake in Kimberly-Clark by 1.9% in the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after acquiring an additional 81 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares in the last quarter. Finally, Good Life Advisors LLC lifted its stake in Kimberly-Clark by 5.6% during the second quarter. Good Life Advisors LLC now owns 1,676 shares of the company’s stock worth $216,000 after purchasing an additional 89 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $111.44 on Friday. The stock has a market cap of $36.99 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.97 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The company’s fifty day moving average is $102.90 and its 200 day moving average is $112.33. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business earned $1.50 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is currently 83.03%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. UBS Group boosted their price target on Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays set a $102.00 target price on shares of Kimberly-Clark in a report on Friday, January 16th. Citigroup decreased their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Finally, Morgan Stanley dropped their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $119.00.

About Kimberly-Clark

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.