Yellowstone Partners LLC purchased a new position in shares of Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,421 shares of the company’s stock, valued at approximately $403,000.
Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA boosted its stake in Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares during the last quarter. Heritage Trust Co boosted its stake in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in Kimberly Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in Kimberly Clark during the 2nd quarter worth approximately $150,000. Institutional investors own 71.46% of the company’s stock.
Kimberly Clark Corp (KMB) opened at $116.66 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The firm has a market cap of $40,191.79, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s dividend payout ratio is presently 64.03%.
Several research analysts recently weighed in on KMB shares. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Citigroup reissued a “hold” rating and set a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $126.50.
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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