Glenview Trust Co Takes $2.32 Million Position in Kimberly-Clark Corporation $KMB

Glenview Trust Co purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, Holdings Channel.com reports. The fund purchased 24,064 shares of the company’s stock, valued at approximately $2,321,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after acquiring an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after acquiring an additional 87,455 shares during the period. Main Street Financial Solutions LLC boosted its position in Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after purchasing an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC grew its stake in Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Down 0.4%

KMB stock opened at $109.55 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market capitalization of $36.43 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.24 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $131.53. The stock has a fifty day moving average of $109.66 and a 200-day moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.42 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Kimberly-Clark 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.