Sigma Investment Counselors Inc. cut its position in Kimberly Clark Corp (NYSE:KMB) by 37.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,550 shares of the company’s stock after selling 1,500 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Kimberly Clark were worth $308,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in KMB. Martin Investment Management LLC acquired a new stake in Kimberly Clark in the second quarter valued at approximately $443,000. Capital Research Global Investors increased its position in Kimberly Clark by 46.6% during the second 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 during the period. Pax World Management LLC increased its position in Kimberly Clark by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC increased its position in Kimberly Clark by 0.8% during the second 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 during the period. Finally, Strategy Asset Managers LLC increased its position in Kimberly Clark by 80.0% during the second 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 during the period. 74.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at $112.96 on Wednesday. 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 stock has a market capitalization of $39,650.85, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.69. Kimberly Clark Corp has a twelve month low of $109.51 and a twelve month high of $135.22.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be paid a $1.00 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.54%. Kimberly Clark’s payout ratio is 62.40%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Wednesday, January 10th. Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.87.
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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