Park National Corp OH lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,821 shares of the company’s stock after selling 1,024 shares during the quarter. Park National Corp OH’s holdings in Kimberly-Clark were worth $1,366,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC lifted its stake in shares of Kimberly-Clark by 3.3% during the 4th quarter. Private Capital Group LLC now owns 2,357 shares of the company’s stock worth $320,000 after buying an additional 75 shares during the last quarter. Cribstone Capital Management LLC raised its stake in Kimberly-Clark by 1.9% in the 4th quarter. Cribstone Capital Management LLC now owns 4,113 shares of the company’s stock worth $555,000 after purchasing an additional 78 shares in the last quarter. Diversified Trust Co raised its stake in Kimberly-Clark by 1.8% in the 4th quarter. Diversified Trust Co now owns 4,670 shares of the company’s stock worth $630,000 after purchasing an additional 81 shares in the last quarter. Stillwater Investment Management LLC raised its stake in Kimberly-Clark by 0.5% in the 4th quarter. Stillwater Investment Management LLC now owns 15,535 shares of the company’s stock worth $2,095,000 after purchasing an additional 82 shares in the last quarter. Finally, First Foundation Advisors raised its stake in Kimberly-Clark by 5.2% in the 4th quarter. First Foundation Advisors now owns 1,688 shares of the company’s stock worth $228,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.
Shares of Kimberly-Clark stock opened at $136.78 on Thursday. The firm has a market capitalization of $46.23 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.50. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 13.61. The firm’s 50 day moving average is $133.10 and its 200 day moving average is $136.89. Kimberly-Clark Co. has a 1 year low of $128.02 and a 1 year high of $160.16.
The business also recently declared a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 5th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, March 4th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.07. This represents a $4.56 annualized dividend and a dividend yield of 3.33%. Kimberly-Clark’s payout ratio is 66.18%.
In related news, insider Tristram Wilkinson sold 1,440 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $137.88, for a total transaction of $198,547.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.
Several analysts have weighed in on KMB shares. Royal Bank of Canada dropped their price objective on shares of Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 26th. Sanford C. Bernstein started coverage on shares of Kimberly-Clark in a research note on Tuesday, January 19th. They issued a “market perform” rating and a $142.00 price objective for the company. Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research note on Thursday, January 28th. Argus lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 26th. Finally, Jefferies Financial Group raised their target price on shares of Kimberly-Clark from $152.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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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