Commonwealth Equity Services LLC decreased its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,545 shares of the company’s stock after selling 1,205 shares during the period. Commonwealth Equity Services LLC owned 0.08% of Kimberly-Clark worth $35,833,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Legacy Capital Group California Inc. increased its position in Kimberly-Clark by 4.0% during the second quarter. Legacy Capital Group California Inc. now owns 2,979 shares of the company’s stock worth $411,000 after buying an additional 114 shares during the period. AXS Investments LLC grew its holdings in shares of Kimberly-Clark by 1.4% during the second quarter. AXS Investments LLC now owns 9,412 shares of the company’s stock worth $1,299,000 after buying an additional 133 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Kimberly-Clark by 18.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,567 shares of the company’s stock valued at $15,950,000 after purchasing an additional 17,782 shares during the last quarter. Ascension Asset Management LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $1,374,000. Finally, Truvestments Capital LLC increased its stake in Kimberly-Clark by 13.1% in the 2nd quarter. Truvestments Capital LLC now owns 9,064 shares of the company’s stock valued at $1,251,000 after buying an additional 1,052 shares during the period. Institutional investors and hedge funds own 74.38% of the company’s stock.
Wall Street Analyst Weigh In
KMB has been the subject of several recent analyst reports. TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday. They issued an “overweight” rating and a $146.00 price objective for the company. Sanford C. Bernstein upgraded shares of Kimberly-Clark from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $125.00 to $118.00 in a research report on Thursday, October 12th. The Goldman Sachs Group decreased their price target on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating for the company in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $131.93.
Insider Transactions at Kimberly-Clark
In related news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the transaction, the insider now owns 6,228 shares in the company, valued at $808,394.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the transaction, the insider now owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Zackery A. Hicks sold 3,020 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total transaction of $360,678.60. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.
Kimberly-Clark Stock Performance
NYSE KMB opened at $121.20 on Monday. The business’s 50-day moving average price is $121.58 and its 200 day moving average price is $129.88. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 8.81. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The company has a market capitalization of $40.96 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.38.
Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.16 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 292.92%. Kimberly-Clark’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business earned $1.40 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 6.59 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio is currently 90.77%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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