Huntington National Bank Decreases Stake in Kimberly-Clark Corporation $KMB

Key Points

• Huntington National Bank cut its Kimberly-Clark stake by 7.2% in the fourth quarter, selling 10,843 shares and ending with 138,830 shares valued at about $14.0 million.
• Wall Street sentiment on KMB is mostly cautious: analysts’ consensus rating is Hold, with a consensus price target of $114.93 after several recent rating and target changes.
• Kimberly-Clark reported better-than-expected quarterly results, including EPS of $1.97 versus $1.93 expected and revenue of $4.16 billion, while also declaring a quarterly dividend of $1.28 per share.

Huntington National Bank reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,830 shares of the company's stock after selling 10,843 shares during the period. Huntington National Bank's holdings in Kimberly-Clark were worth $14,006,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. lifted its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock valued at $29,000 after acquiring an additional 140 shares during the period. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at approximately $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMB shares. Zacks Research downgraded shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Friday, March 27th. UBS Group boosted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. Finally, Piper Sandler decreased their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $114.93.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $100.14 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm's 50-day simple moving average is $97.71 and its 200 day simple moving average is $101.33. The firm has a market capitalization of $33.24 billion, a PE ratio of 15.72, a P/E/G ratio of 4.49 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $1.93 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.1%. Kimberly-Clark's payout ratio is presently 80.38%.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 1,596 shares of the business's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company's stock, valued at $797,233.08. The trade was a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

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.

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