Commerzbank Aktiengesellschaft FI cut its position in Kimberly Clark Corp (NYSE:KMB) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 376,833 shares of the company’s stock after selling 14,410 shares during the quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.11% of Kimberly Clark worth $50,224,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Horan Capital Advisors LLC. acquired a new position in shares of Kimberly Clark during the first quarter valued at about $25,000. HMS Capital Management LLC acquired a new position in shares of Kimberly Clark during the second quarter valued at about $28,000. Manchester Financial Inc. acquired a new position in shares of Kimberly Clark during the second quarter valued at about $34,000. Weaver Consulting Group acquired a new position in shares of Kimberly Clark during the first quarter valued at about $38,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Kimberly Clark in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 71.45% of the company’s stock.
Kimberly Clark stock traded up $0.69 during mid-day trading on Friday, hitting $135.93. The company had a trading volume of 100,862 shares, compared to its average volume of 1,532,118. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $140.62. The firm’s fifty day moving average is $136.57. The stock has a market cap of $47.59 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.03%. Kimberly Clark’s dividend payout ratio is presently 62.33%.
In other Kimberly Clark news, SVP Sandra Macquillan sold 5,385 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $126.15, for a total value of $679,317.75. Following the sale, the senior vice president now owns 15,814 shares in the company, valued at approximately $1,994,936.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas J. Falk sold 58,218 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $127.73, for a total value of $7,436,185.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,089 shares of company stock worth $15,864,805. Insiders own 0.85% of the company’s stock.
A number of equities research analysts recently commented on KMB shares. Bank of America reiterated a “neutral” rating and issued a $143.00 target price (up previously from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $128.81.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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