Perigon Wealth Management LLC raised its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,384 shares of the company’s stock after acquiring an additional 1,398 shares during the quarter. Perigon Wealth Management LLC’s holdings in Kimberly Clark were worth $761,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of KMB. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Kimberly Clark in the first quarter valued at approximately $30,000. Red Door Wealth Management LLC acquired a new position in shares of Kimberly Clark in the 1st quarter valued at approximately $31,000. Center for Financial Planning Inc. lifted its holdings in shares of Kimberly Clark by 138.9% during the 1st quarter. Center for Financial Planning Inc. now owns 270 shares of the company’s stock worth $35,000 after acquiring an additional 157 shares during the period. Perennial Advisors LLC bought a new position in Kimberly Clark in the first quarter valued at approximately $38,000. Finally, TFG Advisers LLC bought a new stake in Kimberly Clark during the fourth quarter worth $41,000. Institutional investors own 71.05% of the company’s stock.
KMB opened at $152.04 on Friday. The business’s fifty day simple moving average is $142.68 and its 200 day simple moving average is $139.32. The stock has a market cap of $51.78 billion, a PE ratio of 20.44, a P/E/G ratio of 3.63 and a beta of 0.49. Kimberly Clark Corp has a 52 week low of $110.66 and a 52 week high of $152.73. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59.
In other news, insider Kimberly K. Underhill sold 11,715 shares of Kimberly Clark stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $148.00, for a total value of $1,733,820.00. Following the sale, the insider now directly owns 44,773 shares in the company, valued at approximately $6,626,404. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kimberly K. Underhill sold 4,679 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total value of $650,381.00. Following the transaction, the insider now directly owns 42,643 shares in the company, valued at $5,927,377. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
A number of research firms have issued reports on KMB. JPMorgan Chase & Co. lifted their target price on Kimberly Clark from $151.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. TheStreet upgraded Kimberly Clark from a “c+” rating to an “a-” rating in a report on Thursday, July 23rd. Jefferies Financial Group raised their price target on shares of Kimberly Clark from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley increased their price objective on shares of Kimberly Clark from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Barclays reaffirmed a “buy” rating and set a $143.00 price target on shares of Kimberly Clark in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $150.10.
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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