Toronto Dominion Bank Has $25.10 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Toronto Dominion Bank lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 12.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 181,627 shares of the company’s stock after selling 27,017 shares during the quarter. Toronto Dominion Bank’s holdings in Kimberly-Clark were worth $25,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC boosted its position in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark in the first quarter worth $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $32,000. Finally, Fortitude Family Office LLC boosted its position in shares of Kimberly-Clark by 333.3% in the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB opened at $142.18 on Friday. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The stock’s 50-day moving average is $142.22 and its two-hundred day moving average is $136.43. 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 firm has a market cap of $47.89 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, 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. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMB shares. Barclays decreased their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen started coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.67.

Insider Buying and Selling

In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated 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 owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value 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 approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s 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 completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.