First Horizon Corp Acquires New Stake in Kimberly-Clark Corporation $KMB

First Horizon Corp bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,775 shares of the company’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Kimberly-Clark by 12.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,360 shares of the company’s stock worth $336,000 after acquiring an additional 255 shares during the last quarter. Goldstone Financial Group LLC grew its position in Kimberly-Clark by 20.5% in the second quarter. Goldstone Financial Group LLC now owns 3,078 shares of the company’s stock worth $407,000 after acquiring an additional 524 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its stake in Kimberly-Clark by 8.2% in the second quarter. Canandaigua National Bank & Trust Co. now owns 12,806 shares of the company’s stock valued at $1,651,000 after acquiring an additional 968 shares during the last quarter. Finally, Range Financial Group LLC raised its position in Kimberly-Clark by 4.1% during the second quarter. Range Financial Group LLC now owns 22,456 shares of the company’s stock valued at $2,895,000 after purchasing an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $98.73 on Wednesday. The company has a market capitalization of $32.77 billion, a P/E ratio of 16.71, a PEG ratio of 3.77 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a 50 day moving average price of $102.57 and a two-hundred day moving average price of $118.04.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 earnings per share. Analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. UBS Group lifted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. BNP Paribas restated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.31.

Kimberly-Clark Company 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.