Comerica Bank reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,362 shares of the company’s stock after selling 2,927 shares during the period. Comerica Bank owned approximately 0.07% of Kimberly Clark worth $29,252,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of KMB. Martin Investment Management LLC bought a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $443,000. Capital Research Global Investors raised its stake in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Pax World Management LLC raised its stake in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares in the last quarter. Boston Family Office LLC raised its stake in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.
Kimberly Clark Corp (KMB) traded up $2.13 during trading on Thursday, reaching $114.86. 736,036 shares of the company traded hands, compared to its average volume of 2,771,999. Kimberly Clark Corp has a 52-week low of $109.51 and a 52-week high of $136.21. The firm has a market capitalization of $40,290.00, a PE ratio of 17.95, a P/E/G ratio of 2.04 and a beta of 0.66. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $1.00 dividend. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 3.48%. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.63%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the completion of the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
KMB has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Citigroup cut their price target on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Wells Fargo & Co dropped their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.44.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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