Steward Partners Investment Advisory LLC trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,307 shares of the company’s stock after selling 178 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Kimberly Clark were worth $3,372,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. Ronna Sue Cohen raised its stake in shares of Kimberly Clark by 11,510.0% during the 1st quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock worth $1,731,000 after purchasing an additional 1,716,027 shares during the period. American Century Companies Inc. raised its stake in shares of Kimberly Clark by 119.3% during the 1st quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock worth $306,253,000 after purchasing an additional 1,344,424 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of Kimberly Clark by 13,250.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock worth $107,243,000 after purchasing an additional 1,064,397 shares during the period. Federated Investors Inc. PA raised its stake in shares of Kimberly Clark by 13.5% during the 1st quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Kimberly Clark by 33.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,901,054 shares of the company’s stock worth $235,541,000 after purchasing an additional 472,005 shares during the period. Institutional investors own 71.52% of the company’s stock.
Kimberly Clark stock traded up $0.12 during midday trading on Wednesday, reaching $134.64. The stock had a trading volume of 27,702 shares, compared to its average volume of 1,656,923. Kimberly Clark Corp has a 12 month low of $100.32 and a 12 month high of $140.62. The business has a 50-day moving average of $136.37. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 3.64 and a beta of 0.56. 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 business 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. This represents a $4.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s payout ratio is presently 62.33%.
A number of equities research analysts have recently commented on KMB shares. Macquarie upgraded Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $102.00 to $142.00 in a research note on Tuesday, April 23rd. 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 note on Thursday, April 25th. Bank of America reiterated a “neutral” rating and set a $143.00 target price (up from $135.00) on shares of Kimberly Clark in a research note on Wednesday, June 19th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Finally, Citigroup boosted their price objective on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $128.81.
In other Kimberly Clark news, SVP Sandra Macquillan sold 5,385 shares of Kimberly Clark stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the transaction, the senior vice president now owns 15,814 shares of the company’s stock, valued at approximately $1,994,936.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aaron Powell sold 3,964 shares of Kimberly Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the transaction, the insider now directly owns 5,780 shares of the company’s stock, valued at approximately $797,351. The disclosure for this sale can be found here. Insiders have sold a total of 123,089 shares of company stock valued at $15,864,805 in the last ninety days. Insiders own 0.85% of the company’s stock.
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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