Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department reduced its holdings in Kimberly-Clark Co. (NYSE:KMB) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,799 shares of the company’s stock after selling 5,218 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Kimberly-Clark were worth $3,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LP purchased a new stake in shares of Kimberly-Clark in the first quarter valued at about $424,000. Bessemer Group Inc. grew its holdings in Kimberly-Clark by 234.9% in the first quarter. Bessemer Group Inc. now owns 34,084 shares of the company’s stock valued at $4,410,000 after purchasing an additional 23,906 shares during the period. Lake Street Advisors Group LLC increased its holdings in shares of Kimberly-Clark by 9.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,898 shares of the company’s stock worth $248,000 after buying an additional 165 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark in the 1st quarter worth about $27,000. Finally, Shell Asset Management Co. raised its holdings in Kimberly-Clark by 136.9% in the first quarter. Shell Asset Management Co. now owns 5,210 shares of the company’s stock valued at $674,000 after buying an additional 3,011 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $136.37 on Thursday. The firm has a 50-day moving average of $138.92 and a two-hundred day moving average of $139.13. The company has a market capitalization of $45.48 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.85 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the firm posted $1.74 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. 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 3.58%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. 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, the company currently has an average rating of “Hold” and an average target price of $149.93.

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.