Park Avenue Securities LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 14.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,770 shares of the company’s stock after selling 1,289 shares during the quarter. Park Avenue Securities LLC’s holdings in Kimberly-Clark were worth $1,105,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after purchasing an additional 944,920 shares during the period. Capital World Investors raised its stake in Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after buying an additional 342,790 shares during the period. Dimensional Fund Advisors LP raised its stake in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares during the period. Nordea Investment Management AB boosted its holdings in Kimberly-Clark by 2.9% in the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after acquiring an additional 48,103 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.
Insider Buying and Selling at Kimberly-Clark
In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Kimberly-Clark Trading Up 0.9 %
Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current year.
Kimberly-Clark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays decreased their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $146.00.
View Our Latest Analysis on KMB
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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.
Read More
- Five stocks we like better than Kimberly-Clark
- Learn Technical Analysis Skills to Master the Stock Market
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- What are earnings reports?
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- What does consumer price index measure?
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB – Free Report).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.