ORG Partners LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 65.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230 shares of the company’s stock after selling 431 shares during the period. ORG Partners LLC’s holdings in Kimberly-Clark were worth $33,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC lifted its position in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in Kimberly-Clark during the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $28,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth $32,000. Institutional investors own 76.29% of the company’s stock.
Insiders Place Their Bets
In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on KMB
Kimberly-Clark Trading Up 0.5 %
NYSE KMB opened at $145.94 on Thursday. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The company’s 50-day moving average price is $142.95 and its 200-day moving average price is $138.13. The stock has a market cap of $49.14 billion, a PE ratio of 26.83, a PEG ratio of 2.98 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm earned $1.65 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.
About Kimberly-Clark
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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