Sovereign Financial Group Inc. lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,405 shares of the company’s stock after purchasing an additional 268 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Kimberly-Clark were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Rise Advisors LLC grew its stake in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares during the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at $26,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at $28,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 owns 19,935 shares in the company, valued at $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Kimberly-Clark
Kimberly-Clark Price Performance
Shares of KMB opened at $142.01 on Wednesday. The firm has a market cap of $47.82 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 52-week low of $116.63 and a 52-week high of $149.30. 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 business’s 50 day moving average price is $142.24 and its two-hundred day moving average price is $137.41.
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (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 period in the prior year, the firm earned $1.65 earnings per share. Kimberly-Clark’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate 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. Stockholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.
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.
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