Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 46.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,123 shares of the company’s stock after selling 1,841 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kimberly-Clark were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. Rise Advisors LLC lifted its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the second quarter valued at $32,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Kimberly-Clark by 333.3% in the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after buying an additional 250 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’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 transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMB. BNP Paribas started coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target on the stock. Piper Sandler upped their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $140.75 on Friday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a market cap of $47.39 billion, a PE ratio of 25.87, a P/E/G ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The stock has a fifty day moving average price of $142.29 and a 200 day moving average price of $136.10.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

About Kimberly-Clark

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.