Commonwealth Equity Services LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 259,545 shares of the company’s stock after selling 1,205 shares during the period. Commonwealth Equity Services LLC’s holdings in Kimberly-Clark were worth $35,833,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Annapolis Financial Services LLC acquired a new position in Kimberly-Clark during the second quarter valued at $28,000. Fiduciary Alliance LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $29,000. Barrett & Company Inc. lifted its position in shares of Kimberly-Clark by 1,333.3% in the second quarter. Barrett & Company Inc. now owns 215 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Horizons Wealth Management acquired a new stake in shares of Kimberly-Clark during the second quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC acquired a new position in Kimberly-Clark in the 1st quarter valued at approximately $38,000. 74.38% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the sale, the insider now directly owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Sandra R. Karrmann sold 5,122 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the sale, the insider now owns 6,228 shares in the company, valued at $808,394.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Zackery A. Hicks sold 3,020 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total value of $360,678.60. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Kimberly-Clark Stock Down 0.4 %
Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.16. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. As a group, analysts forecast that Kimberly-Clark Co. will post 6.59 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.89%. Kimberly-Clark’s payout ratio is 90.77%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on KMB shares. Citigroup decreased their target price on shares of Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating for the company in a research note on Wednesday, October 11th. The Goldman Sachs Group lowered their target price on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 10th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating for the company in a research note on Wednesday, October 25th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday. They set an “overweight” rating and a $146.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $131.93.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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