Fulton Bank N.A. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,884 shares of the company’s stock after selling 1,089 shares during the quarter. Fulton Bank N.A.’s holdings in Kimberly-Clark were worth $1,513,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Stillwater Investment Management LLC grew its holdings in shares of Kimberly-Clark by 3.0% during the first quarter. Stillwater Investment Management LLC now owns 16,005 shares of the company’s stock valued at $2,226,000 after buying an additional 470 shares during the last quarter. M&R Capital Management Inc. lifted its position in Kimberly-Clark by 15.1% in the 1st quarter. M&R Capital Management Inc. now owns 2,395 shares of the company’s stock valued at $333,000 after acquiring an additional 315 shares in the last quarter. Thomasville National Bank lifted its position in Kimberly-Clark by 5.1% in the 1st quarter. Thomasville National Bank now owns 5,425 shares of the company’s stock valued at $694,000 after acquiring an additional 265 shares in the last quarter. Pensionfund DSM Netherlands boosted its stake in Kimberly-Clark by 13.6% during the 1st quarter. Pensionfund DSM Netherlands now owns 25,000 shares of the company’s stock valued at $3,476,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Kimberly-Clark by 190.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 33,888 shares of the company’s stock worth $4,569,000 after purchasing an additional 22,222 shares in the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.
Shares of Kimberly-Clark stock traded down $0.45 on Thursday, reaching $136.49. 3,010 shares of the company traded hands, compared to its average volume of 2,253,788. The company has a 50 day moving average of $133.10 and a 200 day moving average of $136.89. The company has a debt-to-equity ratio of 13.61, a current ratio of 1.00 and a quick ratio of 0.70. Kimberly-Clark Co. has a 52 week low of $128.02 and a 52 week high of $160.16. The firm has a market capitalization of $46.13 billion, a PE ratio of 19.90, a PEG ratio of 3.10 and a beta of 0.50.
The company also recently declared a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Friday, March 5th were paid a dividend of $1.14 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.07. The ex-dividend date was Thursday, March 4th. This represents a $4.56 annualized dividend and a dividend yield of 3.34%. Kimberly-Clark’s dividend payout ratio is presently 66.18%.
In related news, insider Tristram Wilkinson sold 1,440 shares of the business’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $137.88, for a total value of $198,547.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.
KMB has been the topic of several analyst reports. Bank of America cut their target price on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 22nd. Citigroup reduced their target price on shares of Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kimberly-Clark from $146.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, April 1st. Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 price target on the stock in a report on Thursday, January 28th. Finally, Royal Bank of Canada decreased their price objective on shares of Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $146.67.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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