Monument Capital Management raised its stake in Kimberly Clark Corp (NYSE:KMB) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,981 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Kimberly Clark comprises approximately 1.5% of Monument Capital Management’s investment portfolio, making the stock its 17th biggest holding. Monument Capital Management’s holdings in Kimberly Clark were worth $2,706,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $25,000. HMS Capital Management LLC acquired a new stake in shares of Kimberly Clark during the 2nd quarter worth approximately $28,000. Manchester Financial Inc. acquired a new stake in shares of Kimberly Clark during the 2nd quarter worth approximately $34,000. Weaver Consulting Group acquired a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $38,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 71.45% of the company’s stock.
Kimberly Clark stock traded up $0.30 during midday trading on Tuesday, hitting $138.55. 45,494 shares of the stock were exchanged, compared to its average volume of 1,554,804. The firm has a fifty day moving average price of $136.43. Kimberly Clark Corp has a 52 week low of $100.32 and a 52 week high of $140.62. The stock has a market capitalization of $47.21 billion, a PE ratio of 20.96, a PEG ratio of 3.67 and a beta of 0.58. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, June 6th. Kimberly Clark’s payout ratio is currently 62.33%.
In other Kimberly Clark news, SVP J. Scott Boston sold 16,836 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.20, for a total value of $2,124,703.20. Following the transaction, the senior vice president now owns 23,849 shares of the company’s stock, valued at $3,009,743.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Sandra Macquillan sold 5,385 shares of Kimberly Clark stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the transaction, the senior vice president now directly owns 15,814 shares in the company, valued at approximately $1,994,936.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,961 shares of company stock worth $17,442,674. Insiders own 0.85% of the company’s stock.
Several equities research analysts have recently commented on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $130.00 price target on shares of Kimberly Clark in a research report on Tuesday, July 23rd. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Citigroup set a $40.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 430 ($5.62) price objective on shares of in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $128.81.
Kimberly Clark 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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