Kimberly Clark Corp (NYSE:KMB) Stake Increased by Intrust Bank NA

Intrust Bank NA lifted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,314 shares of the company’s stock after acquiring an additional 180 shares during the quarter. Intrust Bank NA’s holdings in Kimberly Clark were worth $535,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KMB. Horan Capital Advisors LLC. acquired a new stake in Kimberly Clark in the first quarter valued at approximately $25,000. Phocas Financial Corp. acquired a new stake in shares of Kimberly Clark during the fourth quarter worth $28,000. Proficio Capital Partners LLC lifted its stake in shares of Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after buying an additional 110 shares during the period. First Mercantile Trust Co. lifted its stake in shares of Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after buying an additional 170 shares during the period. Finally, Loeb Partners Corp acquired a new stake in shares of Kimberly Clark during the fourth quarter worth $34,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:KMB traded down $0.64 during trading hours on Friday, reaching $133.28. The stock had a trading volume of 5,526,867 shares, compared to its average volume of 1,795,975. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $138.98. The business’s 50 day moving average is $132.35. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 51.24. The stock has a market cap of $45.87 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts anticipate that Kimberly Clark Corp will post 6.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, June 6th. Kimberly Clark’s payout ratio is 62.33%.

In other news, insider Aaron Powell sold 6,986 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $127.02, for a total value of $887,361.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sandra Macquillan sold 6,774 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total transaction of $845,869.38. Following the completion of the transaction, the senior vice president now owns 15,287 shares of the company’s stock, valued at approximately $1,908,887.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 446,313 shares of company stock valued at $56,436,155. Company insiders own 0.85% of the company’s stock.

KMB has been the subject of several research reports. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Bank of America reissued a “neutral” rating and set a $143.00 target price (up previously from $135.00) on shares of Kimberly Clark in a report on Wednesday, June 19th. Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Morgan Stanley lifted their price objective on shares of Kimberly Clark from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Finally, Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $102.00 to $142.00 in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $124.18.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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