BlackRock Inc. lowered its position in Kimberly Clark Corp (NYSE:KMB) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,834,028 shares of the company’s stock after selling 546,299 shares during the period. BlackRock Inc. owned approximately 0.07% of Kimberly Clark worth $2,708,498,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in Kimberly Clark during the 2nd quarter valued at $40,577,000. PVG Asset Management Corp grew its holdings in Kimberly Clark by 159.8% during the 2nd quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after buying an additional 6,633 shares during the last quarter. MAI Capital Management grew its holdings in Kimberly Clark by 22.7% during the 2nd quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after buying an additional 593 shares during the last quarter. Cleararc Capital Inc. grew its holdings in Kimberly Clark by 254.1% during the 2nd quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after buying an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in Kimberly Clark by 87.7% during the 2nd quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after buying an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.
Shares of Kimberly Clark stock opened at $112.82 on Friday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77. The firm has a market cap of $38.33 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, December 6th. Kimberly Clark’s dividend payout ratio is presently 64.21%.
A number of brokerages have commented on KMB. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Deutsche Bank increased their target price on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Goldman Sachs Group cut Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a report on Monday, October 8th. Barclays set a $104.00 target price on Kimberly Clark and gave the company a “hold” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus target price of $105.64.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 1,000 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.
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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