Tdam USA Inc. cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,120 shares of the company’s stock after selling 2,089 shares during the period. Tdam USA Inc.’s holdings in Kimberly Clark were worth $3,881,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in KMB. Ronna Sue Cohen grew its stake in shares of Kimberly Clark by 11,510.0% during the first quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock valued at $1,731,000 after acquiring an additional 1,716,027 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Kimberly Clark by 119.3% during the first quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock valued at $306,253,000 after acquiring an additional 1,344,424 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Kimberly Clark by 13,250.3% during the second quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock valued at $107,243,000 after acquiring an additional 1,064,397 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Kimberly Clark by 13.5% during the first quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock valued at $513,726,000 after acquiring an additional 492,289 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Kimberly Clark by 33.0% during the first quarter. Victory Capital Management Inc. now owns 1,901,054 shares of the company’s stock valued at $235,541,000 after acquiring an additional 472,005 shares in the last quarter. Institutional investors own 71.62% of the company’s stock.
NYSE:KMB traded down $1.29 during mid-day trading on Wednesday, reaching $138.13. The stock had a trading volume of 42,959 shares, compared to its average volume of 1,752,584. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. The business has a 50 day simple moving average of $136.68. Kimberly Clark Corp has a 1-year low of $100.32 and a 1-year high of $140.65. The stock has a market cap of $47.93 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.70 and a beta of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a $1.03 dividend. The ex-dividend date is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 2.98%. Kimberly Clark’s payout ratio is currently 62.33%.
In other Kimberly Clark news, SVP Sandra Macquillan sold 16,848 shares of Kimberly Clark stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $128.76, for a total value of $2,169,348.48. Following the completion of the transaction, the senior vice president now directly owns 26,934 shares in the company, valued at $3,468,021.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Achal Agarwal sold 8,947 shares of Kimberly Clark stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the transaction, the insider now owns 57,103 shares of the company’s stock, valued at $7,965,868.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,281 shares of company stock valued at $8,768,727. 0.85% of the stock is currently owned by insiders.
Several analysts have recently weighed in on KMB shares. Argus upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, April 23rd. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Citigroup lifted their price target on Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and an average target price of $128.81.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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