Northwestern Mutual Wealth Management Co. decreased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,488 shares of the company’s stock after selling 1,335 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kimberly-Clark Corporation were worth $4,145,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Kimberly-Clark Corporation during the fourth quarter worth approximately $289,546,000. APG Asset Management N.V. boosted its position in Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock worth $143,325,000 after buying an additional 554,200 shares in the last quarter. Swiss National Bank boosted its position in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after buying an additional 282,300 shares in the last quarter. Karp Capital Management Corp acquired a new position in Kimberly-Clark Corporation during the first quarter worth approximately $31,996,000. Finally, Boston Advisors LLC boosted its position in Kimberly-Clark Corporation by 576.9% in the first quarter. Boston Advisors LLC now owns 266,140 shares of the company’s stock worth $35,032,000 after buying an additional 226,822 shares in the last quarter. 70.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 0.73% during midday trading on Friday, hitting $121.39. The company had a trading volume of 1,085,911 shares. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company has a 50-day moving average of $123.72 and a 200 day moving average of $128.52. The firm has a market capitalization of $42.89 billion, a PE ratio of 20.27 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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Several equities analysts have recently weighed in on the company. B. Riley reissued a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Finally, UBS AG reissued a “neutral” rating and set a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and an average target price of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.
About Kimberly-Clark Corporation
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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