Tower Research Capital LLC TRC lowered its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,506 shares of the company’s stock after selling 4,713 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Kimberly-Clark were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in Kimberly-Clark by 9.7% in the 4th quarter. LPL Financial LLC now owns 683,927 shares of the company’s stock worth $92,843,000 after purchasing an additional 60,332 shares during the period. Viking Fund Management LLC boosted its position in shares of Kimberly-Clark by 5.5% during the 1st quarter. Viking Fund Management LLC now owns 77,000 shares of the company’s stock valued at $10,335,000 after acquiring an additional 4,000 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Kimberly-Clark by 193.0% during the 1st quarter. Vontobel Holding Ltd. now owns 288,390 shares of the company’s stock valued at $38,708,000 after acquiring an additional 189,962 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $545,000. Finally, Louisiana State Employees Retirement System boosted its position in shares of Kimberly-Clark by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock valued at $2,939,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 74.60% of the company’s stock.
Kimberly-Clark Price Performance
Shares of Kimberly-Clark stock opened at $128.24 on Friday. The stock has a market capitalization of $43.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.41 and a beta of 0.39. Kimberly-Clark Co. has a one year low of $108.74 and a one year high of $147.87. The business’s 50 day simple moving average is $133.40 and its two-hundred day simple moving average is $133.91. The company has a debt-to-equity ratio of 12.21, a current ratio of 0.87 and a quick ratio of 0.55.
Kimberly-Clark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $1.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.68%. Kimberly-Clark’s dividend payout ratio is currently 97.32%.
Insider Transactions at Kimberly-Clark
In other news, insider Jeffrey P. Melucci sold 4,423 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $130.23, for a total value of $576,007.29. Following the sale, the insider now directly owns 28,169 shares in the company, valued at approximately $3,668,448.87. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on KMB. Royal Bank of Canada lifted their price target on Kimberly-Clark from $118.00 to $125.00 in a research report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $123.00 to $133.00 in a report on Wednesday, April 26th. Bank of America decreased their price objective on Kimberly-Clark from $145.00 to $138.00 in a report on Wednesday, July 26th. Berenberg Bank raised their price objective on Kimberly-Clark from $132.00 to $144.00 in a report on Wednesday, April 26th. Finally, Citigroup decreased their price objective on Kimberly-Clark from $130.00 to $126.00 in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $135.33.
Check Out Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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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