Zions Bancorporation N.A. Sells 23,662 Shares of Kimberly-Clark Co. (NYSE:KMB)

Zions Bancorporation N.A. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 46.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,786 shares of the company's stock after selling 23,662 shares during the period. Zions Bancorporation N.A.'s holdings in Kimberly-Clark were worth $3,840,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMB. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company's stock worth $58,738,000 after purchasing an additional 69,794 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Kimberly-Clark by 506.8% during the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company's stock valued at $1,574,000 after buying an additional 10,820 shares during the last quarter. Nixon Peabody Trust Co. bought a new position in shares of Kimberly-Clark during the 4th quarter worth $1,081,000. Focus Financial Network Inc. ADV purchased a new stake in Kimberly-Clark in the 4th quarter worth about $1,094,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Kimberly-Clark in the 4th quarter valued at about $11,994,000. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent research reports. StockNews.com downgraded shares of Kimberly-Clark from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 30th. Bank of America raised shares of Kimberly-Clark from an "underperform" rating to a "buy" rating and boosted their target price for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Argus upgraded Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. Finally, BNP Paribas assumed coverage on Kimberly-Clark in a report on Monday, June 24th. They set a "neutral" rating and a $146.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $145.67.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company's stock, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $1.14 during mid-day trading on Friday, hitting $143.52. 1,831,719 shares of the company traded hands, compared to its average volume of 2,130,810. The stock has a fifty day moving average price of $142.07 and a 200-day moving average price of $135.18. The stock has a market cap of $48.34 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $149.30. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly-Clark's dividend payout ratio is 89.71%.

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.