Schnieders Capital Management LLC cut its position in shares of Kimberly Clark Corp (NYSE:KMB) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,932 shares of the company’s stock after selling 150 shares during the quarter. Schnieders Capital Management LLC’s holdings in Kimberly Clark were worth $2,257,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. HMS Capital Management LLC bought a new position in Kimberly Clark during the second quarter worth about $28,000. Manchester Financial Inc. bought a new position in Kimberly Clark during the second quarter worth about $34,000. Weaver Consulting Group bought a new position in Kimberly Clark during the first quarter worth about $38,000. Penserra Capital Management LLC bought a new position in Kimberly Clark during the first quarter worth about $40,000. Finally, Arcadia Investment Management Corp MI bought a new position in Kimberly Clark during the second quarter worth about $40,000. 71.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:KMB traded down $3.37 during trading on Friday, reaching $138.41. The stock had a trading volume of 1,161,190 shares, compared to its average volume of 1,522,255. Kimberly Clark Corp has a 52 week low of $100.32 and a 52 week high of $143.16. The business’s 50-day moving average price is $137.76 and its 200 day moving average price is $128.35. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market capitalization of $48.79 billion, a PE ratio of 20.94, a P/E/G ratio of 3.79 and a beta of 0.56.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s dividend payout ratio is currently 62.33%.
A number of brokerages have commented on KMB. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank raised their price target on shares of Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a research note on Monday, June 17th. Wells Fargo & Co restated a “hold” rating and set a $130.00 price target on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Finally, Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $130.20.
In related news, insider Achal Agarwal sold 8,947 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the sale, the insider now owns 57,103 shares of the company’s stock, valued at $7,965,868.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aaron Powell sold 3,964 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $137.95, for a total transaction of $546,833.80. Following the completion of the sale, the insider now directly owns 5,780 shares of the company’s stock, valued at approximately $797,351. The disclosure for this sale can be found here. In the last three months, insiders sold 17,745 shares of company stock valued at $2,453,621. 0.85% of the stock is currently owned by company insiders.
Kimberly Clark Company 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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