NEXT Financial Group Inc reduced its position in Kimberly Clark Corp (NYSE:KMB) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,271 shares of the company’s stock after selling 9,685 shares during the period. NEXT Financial Group Inc’s holdings in Kimberly Clark were worth $587,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Kimberly Clark by 2.0% in the second quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after acquiring an additional 481,402 shares in the last quarter. State Street Corp boosted its holdings in shares of Kimberly Clark by 0.4% during the third quarter. State Street Corp now owns 18,583,584 shares of the company’s stock worth $2,658,616,000 after purchasing an additional 81,870 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Kimberly Clark by 6.8% during the third quarter. California Public Employees Retirement System now owns 2,180,581 shares of the company’s stock worth $309,752,000 after purchasing an additional 138,475 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Kimberly Clark by 4.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,632,736 shares of the company’s stock worth $231,930,000 after purchasing an additional 62,738 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Kimberly Clark by 2.7% during the third quarter. Parametric Portfolio Associates LLC now owns 1,598,278 shares of the company’s stock worth $227,035,000 after purchasing an additional 42,478 shares during the period. 72.07% of the stock is currently owned by institutional investors and hedge funds.
NYSE KMB opened at $144.65 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 70.43. The stock has a market capitalization of $49.50 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.51. The company has a 50 day moving average price of $138.51 and a two-hundred day moving average price of $137.00. Kimberly Clark Corp has a 12-month low of $107.44 and a 12-month high of $149.23.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.96%. Kimberly Clark’s payout ratio is 62.33%.
KMB has been the subject of several research reports. Royal Bank of Canada restated a “hold” rating and set a $129.00 price target on shares of Kimberly Clark in a report on Thursday. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a report on Monday, September 30th. Morgan Stanley raised their price target on shares of Kimberly Clark from $139.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Friday, September 27th. Finally, Citigroup raised their price target on shares of Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and an average target price of $140.23.
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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