11,468 Shares in Kimberly-Clark Corporation $KMB Purchased by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont acquired 11,468 Kimberly-Clark shares worth approximately $1.26 million during the second quarter. Institutional investors collectively own 76.29% of the company, with major holders including Vanguard, State Street and Wellington Management.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 analyst consensus, while revenue of $4.19 billion also slightly missed expectations. Analysts project full-year earnings of approximately $7.43 per share.
• The company declared a quarterly dividend of $1.28 per share, equivalent to $5.12 annually and a 4.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93, compared with the stock’s cited price of $107.72.

Trust Co. of Vermont acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,468 shares of the company's stock, valued at approximately $1,259,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Kimberly-Clark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company's stock valued at $4,121,027,000 after acquiring an additional 315,981 shares during the period. State Street Corp increased its holdings in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company's stock valued at $2,157,746,000 after purchasing an additional 294,228 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company's stock valued at $1,202,322,000 after purchasing an additional 299,382 shares during the last quarter. Geode Capital Management LLC raised its position in Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company's stock valued at $836,216,000 after purchasing an additional 65,619 shares during the period. Finally, Wellington Management Group LLP raised its position in Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company's stock valued at $743,399,000 after purchasing an additional 7,341,215 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $107.72 on Wednesday. The firm has a 50 day moving average of $108.45 and a two-hundred day moving average of $103.25. The stock has a market capitalization of $35.83 billion, a PE ratio of 18.32, a P/E/G ratio of 5.25 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion for 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 firm's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. On average, research analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's payout ratio is presently 87.07%.

Wall Street Analyst Weigh In

KMB has been the subject of several research analyst reports. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Piper Sandler raised their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a report on Wednesday, June 17th. Finally, Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $117.93.

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.

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