Juncture Wealth Strategies LLC trimmed its position in shares of Kimberly Clark Corp (NYSE:KMB) by 14.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the company’s stock after selling 700 shares during the period. Juncture Wealth Strategies LLC’s holdings in Kimberly Clark were worth $597,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KMB. American Century Companies Inc. grew its stake in Kimberly Clark by 119.3% during the first quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock worth $306,253,000 after buying an additional 1,344,424 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Kimberly Clark by 6,220.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,280,245 shares of the company’s stock valued at $170,632,000 after purchasing an additional 1,259,990 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Kimberly Clark by 13,250.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock valued at $107,243,000 after purchasing an additional 1,064,397 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Kimberly Clark by 51.9% in the 2nd quarter. APG Asset Management N.V. now owns 2,395,212 shares of the company’s stock valued at $280,325,000 after purchasing an additional 818,574 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Kimberly Clark by 82.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock valued at $237,064,000 after purchasing an additional 803,121 shares in the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.
A number of equities research analysts have recently weighed in on KMB shares. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Friday, September 27th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target on the stock in a research note on Monday, September 30th. Morgan Stanley raised their price target on shares of Kimberly Clark from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Tuesday. Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Finally, ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average target price of $136.77.
In related news, insider Aaron Powell sold 3,964 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the transaction, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the transaction, the senior vice president now owns 17,304 shares of the company’s stock, valued at approximately $2,442,805.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,584 shares of company stock valued at $6,242,483. 0.85% of the stock is owned by company insiders.
NYSE KMB traded up $0.56 during trading hours on Thursday, reaching $137.91. The company’s stock had a trading volume of 108,689 shares, compared to its average volume of 1,814,664. The firm has a fifty day simple moving average of $138.38 and a 200-day simple moving average of $133.15. The stock has a market cap of $48.23 billion, a P/E ratio of 20.85, a P/E/G ratio of 3.84 and a beta of 0.55. Kimberly Clark Corp has a 52 week low of $100.32 and a 52 week high of $143.50. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. On average, research analysts expect that Kimberly Clark Corp will post 6.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.03 dividend. The ex-dividend date was Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 2.99%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
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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