Arete Wealth Advisors LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 4,589 shares of the company’s stock, valued at approximately $616,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC raised its stake in shares of Kimberly-Clark by 56.3% during the 4th quarter. CVA Family Office LLC now owns 225 shares of the company’s stock worth $31,000 after purchasing an additional 81 shares in the last quarter. Carderock Capital Management Inc. bought a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $37,000. Venturi Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $38,000. McCarthy Grittinger Financial Group LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $39,000. Finally, Heritage Wealth Management LLC raised its stake in shares of Kimberly-Clark by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 340 shares of the company’s stock valued at $46,000 after acquiring an additional 170 shares in the last quarter. 74.38% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Price Performance
Shares of NYSE:KMB opened at $125.01 on Friday. Kimberly-Clark Co. has a 1-year low of $108.74 and a 1-year high of $147.87. The firm has a market capitalization of $42.28 billion, a PE ratio of 25.78, a PEG ratio of 2.38 and a beta of 0.39. The business’s 50 day moving average is $129.86 and its 200-day moving average is $133.76. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21.
Kimberly-Clark Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark’s dividend payout ratio is 97.32%.
Insider Activity at Kimberly-Clark
In related news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction 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 owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 4,423 shares of Kimberly-Clark stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the completion of the transaction, the insider now owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Kimberly-Clark in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Bank of America cut their price objective on Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. Citigroup cut their price objective on Kimberly-Clark from $130.00 to $126.00 in a research note on Wednesday, July 26th. TheStreet lowered Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, Barclays raised their target price on Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $135.33.
Read Our Latest Stock Report on KMB
About Kimberly-Clark
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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