Livforsakringsbolaget Skandia Omsesidigt grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 753.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,778 shares of the company's stock after purchasing an additional 5,984 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Kimberly-Clark were worth $965,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company's stock worth $25,000 after acquiring an additional 176 shares during the period. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth about $26,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $28,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark stock opened at $142.25 on Friday. 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 current ratio of 0.85 and a quick ratio of 0.58. The stock has a fifty day moving average price of $142.59 and a two-hundred day moving average price of $137.79. The firm has a market capitalization of $47.91 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.98 and a beta of 0.39.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.43%. Kimberly-Clark's payout ratio is 72.30%.
Several equities research analysts have recently weighed in on KMB shares. TD Cowen assumed coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price objective for the company. Piper Sandler raised their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $137.00 to $142.00 and gave the company an "underweight" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $149.14.
Get Our Latest Stock Analysis on Kimberly-Clark
In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company's stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company's stock, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.
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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