PGGM Investments Has $3.58 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

PGGM Investments grew its position in Kimberly-Clark Co. (NYSE:KMB) by 84.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,927 shares of the company’s stock after buying an additional 11,882 shares during the period. PGGM Investments’ holdings in Kimberly-Clark were worth $3,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. TRUE Private Wealth Advisors increased its position in Kimberly-Clark by 6.9% in the second quarter. TRUE Private Wealth Advisors now owns 4,976 shares of the company’s stock worth $688,000 after purchasing an additional 320 shares during the period. IVC Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 6.4% during the second quarter. IVC Wealth Advisors LLC now owns 7,383 shares of the company’s stock worth $1,020,000 after buying an additional 446 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Kimberly-Clark by 5.8% in the second quarter. Great Valley Advisor Group Inc. now owns 34,649 shares of the company’s stock valued at $4,788,000 after buying an additional 1,884 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Kimberly-Clark by 9.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 102,332 shares of the company’s stock worth $14,142,000 after acquiring an additional 8,926 shares during the period. Finally, Diversified Trust Co raised its position in shares of Kimberly-Clark by 13.1% during the 2nd quarter. Diversified Trust Co now owns 67,919 shares of the company’s stock valued at $9,386,000 after acquiring an additional 7,860 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. UBS Group upped their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Finally, Barclays lowered their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Up 0.3 %

Shares of KMB traded up $0.39 during mid-day trading on Thursday, hitting $141.21. 541,934 shares of the company’s stock were exchanged, compared to its average volume of 2,180,641. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.62. The company has a 50-day simple moving average of $139.42 and a 200 day simple moving average of $131.71. The company has a market cap of $47.55 billion, a PE ratio of 25.84, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. On average, research analysts forecast that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

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.