FDO Partners LLC Invests $280,000 in Kimberly Clark Corp (KMB)
FDO Partners LLC purchased a new stake in shares of Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,383 shares of the company’s stock, valued at approximately $280,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Martin Investment Management LLC purchased a new stake in Kimberly Clark during the 2nd quarter valued at $443,000. Capital Research Global Investors raised its holdings 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 worth $1,295,993,000 after purchasing an additional 3,191,549 shares in the last quarter. Pax World Management LLC raised its holdings in Kimberly Clark by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after purchasing an additional 200 shares in the last quarter. Boston Family Office LLC raised its holdings in Kimberly Clark by 0.8% in the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after purchasing an additional 90 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its holdings in Kimberly Clark by 80.0% in the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after purchasing an additional 1,390 shares in the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
Kimberly Clark Corp (NYSE KMB) opened at $114.96 on Thursday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The stock has a market cap of $40,440.00, a PE ratio of 18.97, a P/E/G ratio of 2.93 and a beta of 0.75. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 month high of $136.21.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were paid a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.38%. Kimberly Clark’s payout ratio is 64.03%.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America decreased their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a report on Monday, December 11th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Finally, Wells Fargo & Co decreased their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $126.50.
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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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