2 weeks Ago By ABMN Staff
Wallace Capital Management Inc. acquired a new stake in shares of Kimberly-Clark Co. ( NYSE:KMB – Free Report ) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund acquired 1,490 shares of the company’s stock, valued at approximately $206,000. Other large investors have also modified their holdings of the company. CX Institutional lifted its holdings in shares of Kimberly-Clark by 1.
2% during the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after acquiring an additional 71 shares during the period. Capital Investment Counsel Inc grew its stake in shares of Kimberly-Clark by 0.
8% in the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after purchasing an additional 75 shares during the period. Connecticut Wealth Management LLC grew its stake in shares of Kimberly-Clark by 4.
6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares during the period. Equitable Trust Co.
raised its holdings in shares of Kimberly-Clark by 0.9% in the 2nd quarter. Equitable Trust Co.
now owns 9,066 shares of the company’s stock worth $1,253,000 after buying an additional 80 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of Kimberly-Clark by 1.
6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after buying an additional 81 shares during the period.
76.29% of the stock is currently owned by institutional investors and hedge funds. Kimberly-Clark Price Performance Shares of KMB stock opened at $142.
54 on Monday. 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 12 month low of $116.32 and a 12 month high of $149.30.
The firm has a market cap of $47.99 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.
00 and a beta of 0.39. The stock has a 50-day moving average price of $142.
16 and a 200 day moving average price of $136.71. Kimberly-Clark Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd.
Stockholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th.
This represents a $4.88 annualized dividend and a dividend yield of 3.42%.
Kimberly-Clark’s dividend payout ratio is currently 89.71%. Insider Transactions at Kimberly-Clark In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated 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 owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
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 sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th.
The shares were sold at an average price of $141.42, for a total transaction 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 approximately $2,819,207.70. The disclosure for this sale can be found here .
0.62% of the stock is owned by corporate insiders. Analyst Ratings Changes KMB has been the subject of several recent analyst reports.
Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th.
Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th.
Barclays decreased their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th.
Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th.
Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two equities 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 data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $145.67. Read Our Latest Research Report on Kimberly-Clark Kimberly-Clark Company Profile ( 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. Featured Articles 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 ..
