Virginia Retirement Systems ET AL lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 74.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,600 shares of the company’s stock after selling 67,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Kimberly-Clark were worth $3,282,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in KMB. New England Research & Management Inc. boosted its stake in shares of Kimberly-Clark by 38.5% in the 1st quarter. New England Research & Management Inc. now owns 28,788 shares of the company’s stock valued at $4,003,000 after purchasing an additional 8,000 shares in the last quarter. Barry Investment Advisors LLC boosted its stake in shares of Kimberly-Clark by 98.5% in the 1st quarter. Barry Investment Advisors LLC now owns 10,541 shares of the company’s stock valued at $1,477,000 after purchasing an additional 5,232 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at $15,045,000. Diamond Hill Capital Management Inc. boosted its stake in shares of Kimberly-Clark by 11.0% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,068,457 shares of the company’s stock valued at $278,890,000 after purchasing an additional 205,737 shares in the last quarter. Finally, Surevest LLC boosted its stake in shares of Kimberly-Clark by 12.1% in the 4th quarter. Surevest LLC now owns 25,514 shares of the company’s stock valued at $3,440,000 after purchasing an additional 2,762 shares in the last quarter. 71.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:KMB opened at $134.21 on Wednesday. The stock has a market capitalization of $45.29 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.10 and a beta of 0.50. Kimberly-Clark Co. has a 1-year low of $128.02 and a 1-year high of $160.16. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 13.61. The business has a 50-day moving average price of $136.20 and a two-hundred day moving average price of $134.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 4th will be paid a $1.14 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.18%.
Several brokerages have recently commented on KMB. Jefferies Financial Group reduced their target price on shares of Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 26th. Sanford C. Bernstein began coverage on shares of Kimberly-Clark in a research report on Tuesday, January 19th. They set a “market perform” rating and a $142.00 price target on the stock. Bank of America reduced their price target on shares of Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $123.00 price target (down previously from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of Kimberly-Clark from $122.00 to $123.00 and gave the stock a “sell” rating in a research report on Monday, May 3rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $140.31.
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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