Zions Bancorporation N.A. Sells 27,405 Shares of Kimberly-Clark Co. (NYSE:KMB)

Zions Bancorporation N.A. lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 98.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark in the first quarter worth about $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 1.8 %

Shares of Kimberly-Clark stock opened at $134.08 on Friday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a market cap of $44.71 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.77 and a beta of 0.40. The company has a 50-day moving average of $139.75 and a 200 day moving average of $139.13. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 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 firm 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 business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Barclays raised their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.