Handelsbanken Fonder AB acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 182,802 shares of the company’s stock, valued at approximately $25,839,000.
Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Kimberly Clark in the second quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Kimberly Clark in the first quarter valued at about $30,000. Center for Financial Planning Inc. raised its stake in shares of Kimberly Clark by 138.9% during the first quarter. Center for Financial Planning Inc. now owns 270 shares of the company’s stock valued at $35,000 after acquiring an additional 157 shares during the last quarter. Perennial Advisors LLC purchased a new stake in shares of Kimberly Clark during the first quarter worth about $38,000. Finally, Proffitt & Goodson Inc. purchased a new stake in Kimberly Clark in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.
KMB has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Kimberly Clark from $165.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley lifted their target price on shares of Kimberly Clark from $146.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. TheStreet raised Kimberly Clark from a “c+” rating to an “a-” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Kimberly Clark from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $150.10.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 11,715 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $148.00, for a total value of $1,733,820.00. Following the completion of the sale, the insider now owns 44,773 shares in the company, valued at approximately $6,626,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Powell sold 8,663 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $151.38, for a total value of $1,311,404.94. Following the completion of the transaction, the insider now directly owns 8,707 shares of the company’s stock, valued at approximately $1,318,065.66. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.
Shares of Kimberly Clark stock traded up $1.67 on Wednesday, hitting $148.15. 51,359 shares of the company’s stock were exchanged, compared to its average volume of 1,866,193. The company has a 50-day simple moving average of $154.47 and a 200-day simple moving average of $141.91. The stock has a market capitalization of $49.96 billion, a PE ratio of 19.97, a PEG ratio of 3.54 and a beta of 0.47. Kimberly Clark Corp has a 1 year low of $110.66 and a 1 year high of $160.16. The company has a debt-to-equity ratio of 14.59, a quick ratio of 0.63 and a current ratio of 0.91.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.80 by $0.40. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.48 billion. Kimberly Clark had a return on equity of 1,319.56% and a net margin of 13.58%. Kimberly Clark’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, analysts expect that Kimberly Clark Corp will post 7.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 3rd. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.12%.
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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