Investment Counsel Inc. grew its position in shares of Kimberly Clark Corp (NYSE:KMB) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,720 shares of the company’s stock after purchasing an additional 400 shares during the period. Kimberly Clark comprises about 1.3% of Investment Counsel Inc.’s holdings, making the stock its 28th largest holding. Investment Counsel Inc.’s holdings in Kimberly Clark were worth $1,762,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Thoroughbred Financial Services LLC increased its holdings in Kimberly Clark by 1.1% during the 1st quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock valued at $995,000 after purchasing an additional 84 shares during the period. Coldstream Capital Management Inc. increased its holdings in Kimberly Clark by 4.3% during the 1st quarter. Coldstream Capital Management Inc. now owns 2,061 shares of the company’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Winslow Evans & Crocker Inc. increased its holdings in Kimberly Clark by 5.8% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock valued at $194,000 after purchasing an additional 86 shares during the period. Cornerstone Advisors Inc. increased its holdings in Kimberly Clark by 8.7% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,109 shares of the company’s stock valued at $148,000 after purchasing an additional 89 shares during the period. Finally, Dowling & Yahnke LLC increased its holdings in Kimberly Clark by 0.4% during the 1st quarter. Dowling & Yahnke LLC now owns 22,185 shares of the company’s stock valued at $2,749,000 after purchasing an additional 90 shares during the period. 71.52% of the stock is owned by hedge funds and other institutional investors.
KMB stock opened at $133.75 on Wednesday. Kimberly Clark Corp has a fifty-two week low of $100.32 and a fifty-two week high of $140.62. The stock’s 50 day moving average price is $136.37. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market cap of $46.76 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 3.64 and a beta of 0.56.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.08%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
In other news, 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 sale, the insider now directly owns 5,780 shares of the company’s stock, valued at approximately $797,351. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas J. Falk sold 58,218 shares of the business’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. Insiders have sold a total of 123,089 shares of company stock worth $15,864,805 in the last quarter. Company insiders own 0.85% of the company’s stock.
A number of research analysts recently issued reports on KMB shares. Argus upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, April 23rd. Macquarie upgraded Kimberly Clark from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $102.00 to $142.00 in a report 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 report on Wednesday, July 24th. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a report on Thursday, April 25th. Finally, Bank of America restated a “neutral” rating and set a $143.00 price target (up previously from $135.00) on shares of Kimberly Clark in a report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Kimberly Clark presently has an average rating of “Hold” and an average price target of $128.81.
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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