Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 98.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 381 shares of the company's stock after selling 27,405 shares during the quarter. Zions Bancorporation N.A.'s holdings in Kimberly-Clark were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vest Financial LLC increased its stake in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company's stock valued at $49,409,000 after purchasing an additional 21,339 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at 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 worth $22,956,000 after purchasing an additional 6,392 shares during the last quarter. PGGM Investments increased its stake in shares of Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company's stock worth $3,583,000 after acquiring an additional 11,882 shares during the period. Finally, CreativeOne Wealth LLC raised its holdings in Kimberly-Clark by 107.8% during 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. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 1.8 %

KMB stock traded up $2.40 during midday trading on Friday, hitting $134.08. The stock had a trading volume of 3,199,116 shares, compared to its average volume of 2,110,211. The company's 50-day moving average price is $139.49 and its 200 day moving average price is $139.12. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market cap of $44.71 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.64%. Kimberly-Clark's dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Barclays boosted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $149.93.

Kimberly-Clark Company 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.