Commonwealth Equity Services LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 251,853 shares of the company’s stock after selling 6,010 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kimberly-Clark were worth $35,834,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. CX Institutional grew its holdings in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after purchasing an additional 71 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares during the last quarter. Capital Investment Counsel Inc increased its holdings in Kimberly-Clark by 0.8% during the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after acquiring an additional 75 shares in the last quarter. Connecticut Wealth Management LLC raised its position in Kimberly-Clark by 4.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after acquiring an additional 77 shares during the last quarter. Finally, Equitable Trust Co. grew its position in shares of Kimberly-Clark by 0.9% in the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after purchasing an additional 80 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Price Performance
KMB opened at $145.41 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The company has a fifty day simple moving average of $143.15 and a 200 day simple moving average of $138.46. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a twelve month low of $116.63 and a twelve month high of $149.30.
Kimberly-Clark Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.36%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.
Insider Activity
In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. BNP Paribas started coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Finally, Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.14.
View Our Latest Analysis on Kimberly-Clark
Kimberly-Clark 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.
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