Neuberger Berman Group LLC Decreases Holdings in Kimberly Clark Corp (NYSE:KMB)
Neuberger Berman Group LLC lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,392 shares of the company’s stock after selling 6,319 shares during the period. Neuberger Berman Group LLC’s holdings in Kimberly Clark were worth $27,803,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. bought a new stake in shares of Kimberly Clark during the first quarter valued at approximately $25,000. Phocas Financial Corp. bought a new stake in shares of Kimberly Clark during the fourth quarter valued at approximately $28,000. Proficio Capital Partners LLC raised its holdings in shares of Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after buying an additional 110 shares during the last quarter. First Mercantile Trust Co. raised its holdings in shares of Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after buying an additional 170 shares during the last quarter. Finally, Loeb Partners Corp bought a new stake in shares of Kimberly Clark during the fourth quarter valued at approximately $34,000. 71.34% of the stock is currently owned by institutional investors.
Shares of NYSE:KMB opened at $137.65 on Friday. Kimberly Clark Corp has a 12 month low of $99.36 and a 12 month high of $138.42. The company has a market cap of $47.21 billion, a P/E ratio of 20.82, a PEG ratio of 4.00 and a beta of 0.57. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 annualized dividend and a yield of 2.99%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a report on Thursday, April 25th. Citigroup lifted their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a report on Tuesday, April 23rd. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, April 23rd. Finally, Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $102.00 to $142.00 in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $120.24.
In other Kimberly Clark news, insider Thomas J. Falk sold 303,578 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total value of $38,147,611.48. Following the transaction, the insider now owns 83,717 shares in the company, valued at $10,519,878.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey P. Melucci sold 7,903 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $130.17, for a total transaction of $1,028,733.51. Following the completion of the transaction, the senior vice president now owns 15,297 shares in the company, valued at approximately $1,991,210.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 446,313 shares of company stock worth $56,436,155. 0.85% of the stock is currently owned by company insiders.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional 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, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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