Oregon Public Employees Retirement Fund lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,093 shares of the company’s stock after buying an additional 1,792 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kimberly-Clark were worth $12,666,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of KMB. Robinson Value Management Ltd. bought a new position in Kimberly-Clark during the 4th quarter worth approximately $27,000. Retirement Group LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $29,000. Princeton Global Asset Management LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $30,000. Syverson Strege & Co bought a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. Finally, Tacita Capital Inc purchased a new stake in Kimberly-Clark during the 4th quarter valued at $34,000. Institutional investors own 71.89% of the company’s stock.
NYSE:KMB opened at $140.33 on Friday. Kimberly-Clark Co. has a one year low of $128.02 and a one year high of $160.16. The company’s 50-day simple moving average is $135.56 and its 200 day simple moving average is $136.26. The firm has a market capitalization of $47.43 billion, a P/E ratio of 20.40, a PEG ratio of 3.10 and a beta of 0.50. The company has a debt-to-equity ratio of 13.61, a current ratio of 1.00 and a quick ratio of 0.70.
The company also recently announced a quarterly dividend, which was paid on Monday, April 5th. Shareholders of record on Friday, March 5th were issued a $1.14 dividend. The ex-dividend date was Thursday, March 4th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. This represents a $4.56 annualized dividend and a yield of 3.25%. Kimberly-Clark’s payout ratio is 66.18%.
In related news, insider Tristram Wilkinson sold 1,440 shares of the business’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $137.88, for a total value of $198,547.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Several brokerages have recently commented on KMB. Bank of America lowered their price objective on shares of Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $123.00 price target (down previously from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Sanford C. Bernstein began coverage on Kimberly-Clark in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $142.00 price objective on the stock. Argus downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kimberly-Clark from $146.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, April 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $146.67.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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