BRYN MAWR TRUST Co lifted its holdings in Kimberly Clark Corp (NYSE:KMB) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,108 shares of the company’s stock after purchasing an additional 2,270 shares during the period. BRYN MAWR TRUST Co’s holdings in Kimberly Clark were worth $10,528,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in KMB. Vanguard Group Inc. increased its position in shares of Kimberly Clark by 0.6% in the second quarter. Vanguard Group Inc. now owns 28,327,564 shares of the company’s stock worth $3,775,497,000 after acquiring an additional 169,957 shares in the last quarter. BlackRock Inc. increased its position in shares of Kimberly Clark by 2.0% in the second quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after acquiring an additional 481,402 shares in the last quarter. Northern Trust Corp increased its position in shares of Kimberly Clark by 0.8% in the second quarter. Northern Trust Corp now owns 5,137,463 shares of the company’s stock worth $684,720,000 after acquiring an additional 42,045 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Kimberly Clark by 8.1% during the second quarter. Wells Fargo & Company MN now owns 4,438,115 shares of the company’s stock worth $591,513,000 after purchasing an additional 331,708 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly Clark by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,002,671 shares of the company’s stock worth $400,196,000 after purchasing an additional 23,611 shares during the period. 71.92% of the stock is currently owned by institutional investors.
NYSE KMB opened at $135.19 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.75 and a debt-to-equity ratio of 70.43. The stock has a market capitalization of $44.52 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 3.54 and a beta of 0.55. The company has a 50 day moving average price of $136.93 and a two-hundred day moving average price of $134.14. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $143.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the sale, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $1,248,106.50. Following the completion of the sale, 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. Insiders sold 44,584 shares of company stock valued at $6,242,483 over the last quarter. Corporate insiders own 0.85% of the company’s stock.
KMB has been the subject of several research reports. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Friday, September 27th. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and raised their price target for the stock from $123.00 to $124.00 in a report on Tuesday. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a report on Monday, September 30th. Finally, Wells Fargo & Co raised their price target on shares of Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Kimberly Clark has an average rating of “Hold” and an average price target of $139.33.
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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