Kimberly-Clark Corporation (KMB) Shares Bought by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department raised its stake in Kimberly-Clark Corporation (NYSE:KMB) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,063 shares of the company’s stock after acquiring an additional 224 shares during the period. Trustmark National Bank Trust Department’s holdings in Kimberly-Clark Corporation were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC raised its holdings in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Heritage Trust Co raised its holdings in shares of Kimberly-Clark Corporation by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in shares of Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after buying an additional 400 shares during the last quarter. Armbruster Capital Management Inc. raised its holdings in shares of Kimberly-Clark Corporation by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after buying an additional 143 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its holdings in shares of Kimberly-Clark Corporation by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the last quarter. Institutional investors own 70.60% of the company’s stock.

A number of equities research analysts have recently commented on KMB shares. Bank of America Corporation reduced their target price on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Friday, October 13th. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. J P Morgan Chase & Co cut shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $115.55 to $100.00 in a report on Friday, October 20th. Finally, Citigroup Inc. reduced their target price on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Kimberly-Clark Corporation has a consensus rating of “Hold” and an average target price of $127.14.

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Kimberly-Clark Corporation (NYSE:KMB) opened at $115.35 on Tuesday. Kimberly-Clark Corporation has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The stock has a market cap of $40,212.90, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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