Western Wealth Management LLC lowered its position in shares of Kimberly Clark Corp (NYSE:KMB) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,297 shares of the company’s stock after selling 93 shares during the quarter. Western Wealth Management LLC’s holdings in Kimberly Clark were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of KMB. HMS Capital Management LLC bought a new stake in shares of Kimberly Clark in the 2nd quarter worth approximately $28,000. Manchester Financial Inc. bought a new stake in shares of Kimberly Clark in the 2nd quarter worth approximately $34,000. Weaver Consulting Group bought a new stake in shares of Kimberly Clark in the 1st quarter worth approximately $38,000. Penserra Capital Management LLC bought a new stake in shares of Kimberly Clark in the 1st quarter worth approximately $40,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Kimberly Clark in the 2nd quarter worth approximately $40,000. 71.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Achal Agarwal sold 8,947 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the transaction, the insider now directly owns 57,103 shares in the company, valued at $7,965,868.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP J. Scott Boston sold 4,834 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total transaction of $658,680.84. Following the completion of the transaction, the senior vice president now owns 11,901 shares of the company’s stock, valued at $1,621,630.26. The disclosure for this sale can be found here. Insiders have sold a total of 17,745 shares of company stock valued at $2,453,621 over the last 90 days. Company insiders own 0.85% of the company’s stock.
KMB has been the topic of a number of research reports. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Morgan Stanley lifted their price objective on shares of Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Deutsche Bank lifted their price objective on shares of Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research note on Monday, June 17th. Finally, ValuEngine lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $130.20.
Shares of KMB traded down $3.37 during mid-day trading on Friday, reaching $138.41. 1,161,190 shares of the stock traded hands, compared to its average volume of 1,522,255. The firm has a fifty day moving average price of $137.76 and a 200 day moving average price of $128.35. The company has a market cap of $48.79 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 3.79 and a beta of 0.56. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.16.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm 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 business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. On average, sell-side analysts anticipate that Kimberly Clark Corp will post 6.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.98%. Kimberly Clark’s dividend payout ratio (DPR) 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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