Whittier Trust Co. of Nevada Inc. Has $1.39 Million Stock Holdings in Kimberly-Clark Co. $KMB

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,742 shares of the company’s stock after selling 146 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Kimberly-Clark were worth $1,385,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Nwam LLC boosted its position in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after buying an additional 77 shares during the period. Old North State Wealth Management LLC boosted its position in Kimberly-Clark by 4.6% during the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock worth $258,000 after buying an additional 79 shares during the period. Silver Coast Investments LLC boosted its position in Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after buying an additional 83 shares during the period. Leavell Investment Management Inc. boosted its position in Kimberly-Clark by 0.7% during the 1st quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after buying an additional 85 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its position in Kimberly-Clark by 0.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 22,951 shares of the company’s stock worth $3,264,000 after buying an additional 85 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $120.21 on Thursday. The company has a fifty day moving average of $125.81 and a 200-day moving average of $130.93. Kimberly-Clark Co. has a twelve month low of $118.18 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $39.88 billion, a P/E ratio of 15.92, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm posted $1.96 EPS. Kimberly-Clark’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Finally, Piper Sandler lowered their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $137.00.

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.