Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Kimberly-Clark Co. (NYSE:KMB) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,231 shares of the company’s stock after buying an additional 408 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kimberly-Clark were worth $2,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC increased its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $27,000. Fortitude Family Office LLC lifted its position in Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMB. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler raised their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $144.20 on Tuesday. The stock’s 50 day moving average price is $142.28 and its 200 day moving average price is $135.69. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market cap of $48.57 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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.