AMG National Trust Bank Sells 166 Shares of Kimberly-Clark Co. (NYSE:KMB)

AMG National Trust Bank lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,218 shares of the company’s stock after selling 166 shares during the period. AMG National Trust Bank’s holdings in Kimberly-Clark were worth $1,454,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vest Financial LLC grew its holdings in shares of Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Kimberly-Clark during the second quarter worth approximately $14,751,000. Swedbank AB raised its stake in shares of Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after acquiring an additional 6,392 shares in the last quarter. PGGM Investments boosted its holdings in shares of Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after purchasing an additional 11,882 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in Kimberly-Clark by 107.8% in the first quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after purchasing an additional 6,293 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. UBS Group decreased their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Up 1.4 %

KMB stock opened at $136.01 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market capitalization of $45.36 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40. The firm has a 50 day moving average of $139.27 and a 200 day moving average of $139.15.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

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.