Trustcore Financial Services LLC increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 666.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,376 shares of the company’s stock after buying an additional 3,805 shares during the quarter. Trustcore Financial Services LLC’s holdings in Kimberly Clark were worth $583,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. Horan Capital Advisors LLC. bought a new stake in shares of Kimberly Clark during the 1st quarter valued at about $25,000. HMS Capital Management LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $28,000. Manchester Financial Inc. bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $34,000. Weaver Consulting Group bought a new stake in shares of Kimberly Clark during the 1st quarter valued at about $38,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $40,000. Institutional investors own 71.52% of the company’s stock.
Shares of KMB stock traded down $1.48 during trading hours on Monday, reaching $134.39. 40,179 shares of the company traded hands, compared to its average volume of 1,630,155. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $140.62. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market cap of $46.76 billion, a P/E ratio of 20.36, a P/E/G ratio of 3.64 and a beta of 0.56. The stock’s 50-day moving average price is $136.55.
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 $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.07%. Kimberly Clark’s dividend payout ratio is presently 62.33%.
In related news, insider Kimberly K. Underhill sold 23,785 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $131.05, for a total value of $3,117,024.25. Following the transaction, the insider now directly owns 51,307 shares of the company’s stock, valued at approximately $6,723,782.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Aaron Powell sold 3,964 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the transaction, the insider now directly owns 5,780 shares in the company, valued at $797,351. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,089 shares of company stock worth $15,864,805. 0.85% of the stock is owned by insiders.
A number of equities research analysts have issued reports on KMB shares. Citigroup boosted their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their price target on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, April 23rd. Wells Fargo & Co reaffirmed a “hold” rating and set a $130.00 price objective on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Finally, Deutsche Bank lifted their price objective on Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and an average price target of $128.81.
About Kimberly Clark
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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