24,064 Shares in Kimberly-Clark Corporation $KMB Acquired by Glenview Trust Co

Glenview Trust Co acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,064 shares of the company's stock, valued at approximately $2,321,000.

Several other institutional investors have also modified their holdings of the stock. Ally Financial Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $1,009,000. Westpac Banking Corp increased its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock valued at $5,462,000 after acquiring an additional 10,811 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $223,668,000. Oddo BHF Asset Management Sas lifted its position in shares of Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock valued at $6,234,000 after acquiring an additional 14,115 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Kimberly-Clark during the fourth quarter worth $1,047,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. UBS Group increased their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Finally, Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Stock Performance

KMB opened at $109.55 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $131.53. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.24 and a beta of 0.26. The company's fifty day moving average price is $109.66 and its two-hundred day moving average price is $103.71. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's payout ratio is currently 87.07%.

Kimberly-Clark Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source