Kimberly Clark Corp (KMB) Shares Bought by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 27.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,465 shares of the company’s stock after acquiring an additional 751 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Kimberly Clark were worth $365,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of KMB. Braun Bostich & Associates Inc. lifted its position in Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after buying an additional 956 shares during the last quarter. Gables Capital Management Inc. bought a new stake in Kimberly Clark in the 1st quarter worth approximately $115,000. Fort L.P. bought a new stake in Kimberly Clark in the 2nd quarter worth approximately $125,000. Shamrock Asset Management LLC lifted its position in Kimberly Clark by 44.1% in the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after buying an additional 489 shares during the last quarter. Finally, Stevens First Principles Investment Advisors bought a new stake in Kimberly Clark in the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.
Shares of KMB stock opened at $112.92 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.55 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be given a $1.00 dividend. The ex-dividend date is Thursday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.54%. Kimberly Clark’s payout ratio is currently 64.21%.
In other Kimberly Clark news, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares in the company, valued at $118,357.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
A number of research firms recently weighed in on KMB. Zacks Investment Research downgraded Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Atlantic Securities began coverage on Kimberly Clark in a research report on Thursday, September 20th. They issued an “underweight” rating and a $114.00 target price for the company. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale downgraded Kimberly Clark from a “buy” rating to a “hold” rating and dropped their target price for the stock from $124.00 to $116.00 in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $96.00 target price on shares of Kimberly Clark in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus price target of $107.07.
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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