1 week Ago By ABMN Staff
Chris Bulman Inc purchased a new stake in shares of Kimberly-Clark Co. ( NYSE:KMB – Free Report ) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 616 shares of the company’s stock, valued at approximately $85,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd.
raised its stake in Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after buying an additional 69,794 shares in the last quarter. Virtu Financial LLC increased its position in shares of Kimberly-Clark by 506.
8% during the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after purchasing an additional 10,820 shares during the period. Nixon Peabody Trust Co.
acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at $1,081,000. Focus Financial Network Inc. ADV acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $1,094,000.
Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $11,994,000.
76.29% of the stock is owned by hedge funds and other institutional investors. Kimberly-Clark Trading Down 0.
8 % Shares of Kimberly-Clark stock opened at $146.91 on Monday. 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 company’s fifty day moving average price is $141.51 and its two-hundred day moving average price is $134.71.
Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.
30. The firm has a market capitalization of $49.48 billion, a PE ratio of 27.
01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.39.
Kimberly-Clark Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued 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 yield of 3.
32%. Kimberly-Clark’s dividend payout ratio is 89.71%.
Analysts Set New Price Targets A number of equities analysts recently weighed in on the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price target for the company from $115.00 to $160.
00 in a research report on Thursday, June 13th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th.
Wells Fargo & Company dropped 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.
TD Cowen started coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock.
Finally, Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th.
Two research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.67.
View Our Latest Report on Kimberly-Clark Insider Transactions at Kimberly-Clark In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated 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 directly owns 19,935 shares of the company’s stock, valued at $2,819,207.
70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . In other Kimberly-Clark 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 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 Securities & Exchange Commission, which can be accessed through this link .
Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction 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 sale, the insider now owns 19,935 shares of the company’s stock, 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. About Kimberly-Clark ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co.
( NYSE:KMB – Free Report ). Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter .
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