Kimberly Clark Corp (KMB) Stake Raised by Moors & Cabot Inc.
Moors & Cabot Inc. lifted its position in Kimberly Clark Corp (NYSE:KMB) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,154 shares of the company’s stock after buying an additional 3,466 shares during the quarter. Moors & Cabot Inc.’s holdings in Kimberly Clark were worth $3,029,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in KMB. Beach Investment Management LLC. purchased a new stake in shares of Kimberly Clark in the second quarter worth about $2,440,000. Sawtooth Solutions LLC raised its stake in Kimberly Clark by 13.7% in the second quarter. Sawtooth Solutions LLC now owns 15,414 shares of the company’s stock valued at $1,990,000 after purchasing an additional 1,860 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Kimberly Clark by 244.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 236,545 shares of the company’s stock valued at $30,540,000 after purchasing an additional 167,933 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in Kimberly Clark by 0.8% in the second quarter. Community Bank & Trust Waco Texas now owns 23,636 shares of the company’s stock valued at $3,052,000 after purchasing an additional 178 shares in the last quarter. Finally, Martin Investment Management LLC purchased a new stake in Kimberly Clark in the second quarter valued at approximately $443,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $112.55 on Monday. The company has a market cap of $39,472.00, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.69. Kimberly Clark Corp has a one year low of $109.51 and a one year high of $135.22. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a $1.00 dividend. This is a boost 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 3.55%. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on KMB. Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $125.87.
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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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