Wellington Management Group LLP lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 96.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,155 shares of the company's stock after selling 655,197 shares during the quarter. Wellington Management Group LLP's holdings in Kimberly-Clark were worth $3,010,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in Kimberly-Clark in the 3rd quarter valued at $36,000. 76.29% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company's stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, UBS Group decreased their target price on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $149.93.
Check Out Our Latest Analysis on KMB
Kimberly-Clark Price Performance
Shares of KMB stock traded down $0.77 during trading hours on Wednesday, reaching $130.37. The stock had a trading volume of 3,048,223 shares, compared to its average volume of 2,125,462. The stock's fifty day simple moving average is $136.44 and its 200 day simple moving average is $139.39. The firm has a market capitalization of $43.48 billion, a PE ratio of 16.91, a PEG ratio of 2.74 and a beta of 0.40. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.
Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.
Kimberly-Clark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.74%. Kimberly-Clark's dividend payout ratio is currently 63.29%.
Kimberly-Clark Profile
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Free Report)
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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