Kimberly-Clark Corporation $KMB Stock Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 5.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 427,654 shares of the company’s stock after selling 26,759 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kimberly-Clark were worth $41,256,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oslo Pensjonsforsikring AS bought a new position in Kimberly-Clark in the 1st quarter valued at about $357,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth about $80,000. Johnson Financial Group Inc. lifted its stake in shares of Kimberly-Clark by 47.3% in the 1st quarter. Johnson Financial Group Inc. now owns 12,064 shares of the company’s stock worth $1,176,000 after acquiring an additional 3,873 shares during the period. Parallel Advisors LLC lifted its stake in shares of Kimberly-Clark by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 5,028 shares of the company’s stock worth $485,000 after acquiring an additional 2,037 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Kimberly-Clark by 459.9% in the first quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock valued at $163,591,000 after acquiring an additional 1,392,873 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. UBS Group increased their price target on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Finally, Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Trading Down 1.4%

Shares of NASDAQ:KMB opened at $107.31 on Friday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 4.85 and a beta of 0.26. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The company has a 50 day moving average price of $104.11 and a 200 day moving average price of $101.94.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s payout ratio is presently 80.38%.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock worth $689,687 over the last ninety days. 0.75% of the stock is owned by insiders.

Kimberly-Clark 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.