AQR Capital Management LLC increased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 82.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,778,692 shares of the company’s stock after buying an additional 803,121 shares during the quarter. AQR Capital Management LLC owned about 0.52% of Kimberly Clark worth $237,064,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KMB. Krane Funds Advisors LLC purchased a new position in Kimberly Clark during the second quarter worth about $25,000. HMS Capital Management LLC acquired a new position in Kimberly Clark during the second quarter worth about $28,000. SRS Capital Advisors Inc. acquired a new position in Kimberly Clark during the second quarter worth about $33,000. Manchester Financial Inc. acquired a new position in Kimberly Clark during the second quarter worth about $34,000. Finally, Mirova acquired a new position in Kimberly Clark during the second quarter worth about $34,000. 71.86% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark stock traded down $0.26 during midday trading on Friday, hitting $137.63. 1,120,987 shares of the stock were exchanged, compared to its average volume of 1,683,854. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.50. The company has a 50 day moving average price of $138.25 and a two-hundred day moving average price of $133.31. 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 firm has a market cap of $47.27 billion, a P/E ratio of 20.82, a P/E/G ratio of 3.76 and a beta of 0.55.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.99%. Kimberly Clark’s payout ratio is currently 62.33%.
In other news, insider Achal Agarwal sold 8,947 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the sale, the insider now directly owns 57,103 shares in the company, valued at $7,965,868.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders sold a total of 44,584 shares of company stock worth $6,242,483 over the last quarter. Insiders own 0.85% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price on the stock in a research report on Monday, September 30th. Wells Fargo & Co reiterated a “hold” rating and issued a $130.00 price target on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Friday, September 27th. Morgan Stanley raised their target price on shares of Kimberly Clark from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, ValuEngine lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Kimberly Clark has a consensus rating of “Hold” and an average price target of $136.77.
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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