Cable Hill Partners LLC lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,910 shares of the company’s stock after selling 838 shares during the period. Cable Hill Partners LLC’s holdings in Kimberly Clark were worth $345,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Kimberly Clark by 4.9% in the 4th quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after acquiring an additional 1,212,672 shares in the last quarter. Capital Research Global Investors lifted its stake in Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Kimberly Clark by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after acquiring an additional 45,468 shares in the last quarter. American International Group Inc. lifted its stake in Kimberly Clark by 2,507.7% in the 4th quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after acquiring an additional 4,229,240 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kimberly Clark by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,376,355 shares of the company’s stock valued at $528,051,000 after acquiring an additional 470,630 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.
Kimberly Clark Corp (KMB) opened at $107.48 on Friday. The firm has a market capitalization of $38,619.78, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.99 and a beta of 0.69. Kimberly Clark Corp has a 1 year low of $107.42 and a 1 year high of $134.29. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 3.72%. Kimberly Clark’s payout ratio is 62.40%.
KMB has been the topic of several research reports. Deutsche Bank initiated coverage on Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday, December 11th. Zacks Investment Research cut Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Barclays set a $119.00 target price on Kimberly Clark and gave the company a “hold” rating in a research note on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $125.44.
In related 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 transaction of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.
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About Kimberly Clark
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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