Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,073 Shares of Kimberly-Clark Co. (NYSE:KMB)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,643 shares of the company’s stock after selling 1,073 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Kimberly-Clark were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after acquiring an additional 636,882 shares during the period. Marshall Wace LLP lifted its position in Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after acquiring an additional 503,839 shares during the last quarter. Capital World Investors boosted its holdings in shares of Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on 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 sale, 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 document filed with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, 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 in the company, valued at approximately $1,038,976.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on 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 transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price target for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target on the stock. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $142.44 on Wednesday. The business has a fifty day simple moving average of $142.26 and a 200 day simple moving average of $136.96. The company has a market cap of $47.96 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.00 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30.

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

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly-Clark’s payout ratio is presently 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.