Kimberly Clark Corp (KMB) Shares Sold by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 235,340 shares of the company’s stock after selling 16,965 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Kimberly Clark were worth $28,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in KMB. Martin Investment Management LLC acquired a new stake in Kimberly Clark during the second quarter worth about $443,000. Capital Research Global Investors grew its holdings 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 grew its holdings 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 grew its holdings 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 grew its holdings 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. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Shares of Kimberly Clark Corp (KMB) opened at $114.14 on Wednesday. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a market capitalization of $39,281.07, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. 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 3.50%. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
Several analysts recently commented on KMB shares. Bank of America dropped their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup dropped their target price on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Finally, Wells Fargo & Co dropped their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.44.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the firm’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 sale, 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 filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.
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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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