Kinneret Advisory LLC acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,813 shares of the company’s stock, valued at approximately $1,818,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new stake in Kimberly Clark during the 4th quarter valued at $27,000. Proficio Capital Partners LLC lifted its holdings in Kimberly Clark by 76.9% during the 4th quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after purchasing an additional 110 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in Kimberly Clark by 154.5% during the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Kimberly Clark during the 4th quarter valued at $33,000. Finally, Loeb Partners Corp acquired a new stake in Kimberly Clark during the 4th quarter valued at $34,000. 72.46% of the stock is owned by institutional investors.
KMB opened at $118.45 on Friday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $120.48. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49. The firm has a market cap of $40.80 billion, a PE ratio of 17.92, a PEG ratio of 3.26 and a beta of 0.59.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.48%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
In related news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total value of $704,703.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on KMB shares. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target for the company in a report on Friday, January 18th. Morgan Stanley raised Kimberly Clark from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $107.00 to $113.00 in a report on Thursday, January 24th. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Wells Fargo & Co reaffirmed a “hold” rating and set a $105.00 price target on shares of Kimberly Clark in a report on Wednesday, January 23rd. Finally, Exane BNP Paribas assumed coverage on Kimberly Clark in a report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Kimberly Clark has an average rating of “Hold” and an average target price of $113.19.
About Kimberly Clark
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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