Wetherby Asset Management Inc. lifted its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,345 shares of the company’s stock after acquiring an additional 239 shares during the period. Wetherby Asset Management Inc.’s holdings in Kimberly Clark were worth $1,245,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. purchased a new stake in Kimberly Clark during the first quarter valued at approximately $25,000. HMS Capital Management LLC purchased a new stake in Kimberly Clark during the second quarter valued at approximately $28,000. Manchester Financial Inc. purchased a new stake in Kimberly Clark during the second quarter valued at approximately $34,000. Weaver Consulting Group purchased a new stake in Kimberly Clark during the first quarter valued at approximately $38,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Kimberly Clark during the second quarter valued at approximately $40,000. 71.52% of the stock is owned by hedge funds and other institutional investors.
Shares of KMB traded up $0.42 during mid-day trading on Tuesday, reaching $134.05. 53,674 shares of the company’s stock traded hands, compared to its average volume of 1,656,923. The stock has a market capitalization of $46.76 billion, a PE ratio of 20.29, a P/E/G ratio of 3.64 and a beta of 0.56. The firm’s 50-day moving average is $136.43. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 annualized dividend and a yield of 3.07%. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
KMB has been the topic of a number of recent research reports. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley upped their target price on Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their target price for the company from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Deutsche Bank upped their target price on Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research note on Monday, June 17th. Finally, Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Kimberly Clark has an average rating of “Hold” and an average price target of $128.81.
In other Kimberly Clark news, SVP Sandra Macquillan sold 5,385 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $126.15, for a total transaction of $679,317.75. Following the sale, the senior vice president now owns 15,814 shares of the company’s stock, valued at approximately $1,994,936.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas J. Falk sold 58,218 shares of the stock in a transaction on Monday, May 13th. The shares were 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 three months, insiders sold 123,089 shares of company stock worth $15,864,805. 0.85% of the stock is owned by insiders.
Kimberly Clark Company 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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