Pendal Group Ltd Purchases 2,825 Shares of Kimberly Clark Corp (NYSE:KMB)
Pendal Group Ltd lifted its position in shares of Kimberly Clark Corp (NYSE:KMB) by 65.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,134 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Pendal Group Ltd’s holdings in Kimberly Clark were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Comerica Securities Inc. grew its position in Kimberly Clark by 27.8% during the fourth quarter. Comerica Securities Inc. now owns 8,816 shares of the company’s stock valued at $1,011,000 after acquiring an additional 1,919 shares during the period. Geode Capital Management LLC grew its position in Kimberly Clark by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after acquiring an additional 308,810 shares during the period. Virtu Financial LLC purchased a new stake in Kimberly Clark during the first quarter valued at about $651,000. BTIM Corp. grew its position in Kimberly Clark by 0.7% during the first quarter. BTIM Corp. now owns 32,389 shares of the company’s stock valued at $4,013,000 after acquiring an additional 225 shares during the period. Finally, Nwam LLC purchased a new stake in Kimberly Clark during the first quarter valued at about $210,000. 71.62% of the stock is owned by institutional investors.
Shares of KMB traded up $2.07 during midday trading on Friday, reaching $141.34. 33,255 shares of the company were exchanged, compared to its average volume of 1,763,886. The stock has a 50-day moving average price of $136.82 and a 200-day moving average price of $127.49. The company has a market cap of $47.98 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 3.73 and a beta of 0.56. Kimberly Clark Corp has a 1-year low of $100.32 and a 1-year high of $140.65. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
In related news, SVP Jeffrey P. Melucci sold 7,903 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.17, for a total value of $1,028,733.51. Following the transaction, the senior vice president now owns 15,297 shares in the company, valued at $1,991,210.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Achal Agarwal sold 8,947 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the transaction, the insider now owns 57,103 shares in the company, valued at approximately $7,965,868.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,433 shares of company stock worth $6,599,379. Insiders own 0.85% of the company’s stock.
A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research report on Tuesday, April 23rd. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, April 23rd. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Finally, Morgan Stanley boosted their price objective on Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $129.67.
Kimberly Clark Company 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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