Pettyjohn Wood & White Inc. boosted its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,650 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Kimberly Clark were worth $1,953,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. acquired a new position in Kimberly Clark in the first quarter worth $25,000. HMS Capital Management LLC bought a new stake in Kimberly Clark in the second quarter valued at $28,000. Manchester Financial Inc. bought a new stake in Kimberly Clark in the second quarter valued at $34,000. Weaver Consulting Group bought a new stake in Kimberly Clark in the first quarter valued at $38,000. Finally, Arcadia Investment Management Corp MI bought a new stake in Kimberly Clark in the second quarter valued at $40,000. 71.62% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Kimberly K. Underhill sold 23,785 shares of Kimberly Clark stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total transaction of $3,117,024.25. Following the sale, the insider now directly owns 51,307 shares in the company, valued at $6,723,782.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $546,833.80. Following the sale, the insider now owns 5,780 shares in the company, valued at $797,351. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,433 shares of company stock worth $6,599,379. Company insiders own 0.85% of the company’s stock.
Shares of NYSE KMB traded up $1.45 during midday trading on Friday, reaching $140.72. 1,416,900 shares of the company traded hands, compared to its average volume of 1,778,092. Kimberly Clark Corp has a 52 week low of $100.32 and a 52 week high of $141.71. The stock has a 50-day moving average price of $136.95 and a 200 day moving average price of $127.56. 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 company has a market cap of $47.05 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 3.66 and a beta of 0.56.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that Kimberly Clark Corp will post 6.8 EPS for the current year.
The business 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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s dividend payout ratio is currently 62.33%.
A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. ValuEngine cut Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley raised 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. Argus upgraded 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. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $130.00 target price on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus target price of $129.67.
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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