Intrust Bank NA Acquires 918 Shares of Kimberly-Clark Corporation $KMB

Intrust Bank NA grew its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 40.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,202 shares of the company’s stock after buying an additional 918 shares during the period. Intrust Bank NA’s holdings in Kimberly-Clark were worth $413,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark during the second quarter worth $25,000. Princeton Global Asset Management LLC raised its holdings in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the period. Financial Network Wealth Advisors LLC boosted its position in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $36,000. Finally, AlphaCore Capital LLC bought a new stake in Kimberly-Clark in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $103.25 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The stock has a market cap of $34.26 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The stock’s fifty day simple moving average is $117.50 and its two-hundred day simple moving average is $127.23. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business’s revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. TD Cowen cut their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Barclays set a $132.00 price target on shares of Kimberly-Clark in a research report on Monday, November 3rd. Weiss Ratings assumed coverage on shares of Kimberly-Clark in a research note on Thursday, October 30th. They issued a “hold (c+)” rating on the stock. Finally, Evercore ISI reissued an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $128.91.

Kimberly-Clark 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.