United Capital Financial Advisers LLC lessened its holdings in Kimberly Clark Corp (NYSE:KMB) by 31.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,912 shares of the company’s stock after selling 67,404 shares during the period. United Capital Financial Advisers LLC’s holdings in Kimberly Clark were worth $19,447,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $25,000. HMS Capital Management LLC acquired a new position in Kimberly Clark during the second quarter worth approximately $28,000. SRS Capital Advisors Inc. acquired a new position in Kimberly Clark during the second quarter worth approximately $33,000. Manchester Financial Inc. acquired a new position in Kimberly Clark during the second quarter worth approximately $34,000. Finally, Mirova acquired a new position in Kimberly Clark during the second quarter worth approximately $34,000. 71.88% of the stock is currently owned by institutional investors.
In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Powell sold 3,964 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $137.95, for a total transaction of $546,833.80. Following the completion of the sale, 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 sold 44,584 shares of company stock valued at $6,242,483 in the last three months. Company insiders own 0.85% of the company’s stock.
Several brokerages recently commented on KMB. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Deutsche Bank upped their price target on shares of Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a research report on Monday, June 17th. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Thursday, August 22nd. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Bank of America reaffirmed a “neutral” rating and set a $143.00 price target (up previously from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $130.20.
Shares of Kimberly Clark stock traded down $1.17 during trading hours on Friday, hitting $132.41. The company’s stock had a trading volume of 1,524,575 shares, compared to its average volume of 1,620,057. Kimberly Clark Corp has a 1-year low of $100.32 and a 1-year high of $143.16. The business has a fifty day moving average of $138.47 and a 200 day moving average of $130.55. The company has a market capitalization of $45.40 billion, a PE ratio of 20.03, a P/E/G ratio of 3.53 and a beta of 0.54. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly Clark Corp will post 6.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s payout ratio is currently 62.33%.
Kimberly Clark 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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