Verity Asset Management Inc. purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 945,417 shares of the company’s stock, valued at approximately $91,000. Verity Asset Management Inc. owned about 0.28% of Kimberly-Clark as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bivin & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $26,000. HWG Holdings LP acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $29,000. Roble Belko & Company Inc grew its stake in shares of Kimberly-Clark by 69.5% in the first quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares during the last quarter. DeDora Capital Inc. acquired a new stake in shares of Kimberly-Clark in the first quarter worth $33,000. Finally, Selective Wealth Management Inc. grew its stake in shares of Kimberly-Clark by 60.5% in the first quarter. Selective Wealth Management Inc. now owns 268 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.
Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $121.42 on Friday. The stock has a 50-day simple moving average of $132.18 and a 200 day simple moving average of $130.46. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 4.39 and a beta of 0.31.
Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a yield of 3.82%. Kimberly-Clark’s payout ratio is 87.71%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on KMB shares. Bank of America started coverage on shares of Kimberly-Clark in a research note on Wednesday. They issued a “neutral” rating on the stock. UBS Group raised their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Barclays reduced their target price on Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $131.15.
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, swimpants, training and youth pants, 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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